7 latest hospital and health system credit downgrades

The following seven hospital and health system bond credit rating downgrades occurred in the past two months. They are listed below in alphabetical order.

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  • Catholic Health Initiatives (Englewood, Colo.) — from “A3” to “Baa1” (Moody’s)
  • Covenant Health (Tewksbury, Mass.) — from “A-” to “BBB+” (S&P)
  • MetroHealth System (Cleveland) — from “A-” to “BBB-” (S&P)
  • Owensboro (Ky.) Health — from “BBB+” to “BBB” (Fitch)
  • Peninsula Regional Medical Center (Salisbury, Md.) — from “A2” to “A3” (Moody’s)
  • ProMedica Health System (Toledo, Ohio) — from “Aa3” to “A1” (Moody’s)
  • St. John Health System (Tulsa, Okla.) — from “AA” to “AA-” (S&P)

More articles on healthcare finance:
iSalus Healthcare signs agreement with AXO HMS
Manatee Memorial Hospital to operate at ‘risk level’ if county doesn’t increase indigent care funds
Montana legislators support $13M tax on state’s largest hospitals

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