7 latest hospital credit rating downgrades

The following seven hospital and health system credit rating downgrades occurred since July 1. They are listed in alphabetical order. 

Advertisement

1. Cape Cod Healthcare (Hyannis, Mass.) — from “A+” to “A” (S&P Global Ratings)

2. Care New England (Providence, R.I.) — from “BB” to “BB-” (Fitch Ratings); from “BB-” to “B+” (S&P Global Ratings)  

3. Heritage Valley Health System (Beaver, Pa.) — from “A2” to “A3” (Moody’s Investors Service)

4. John Fitzgibbon Memorial Hospital (Marshall, Mo.) — from “B” to “B-” (Fitch Ratings) 

5. Pioneers Memorial Healthcare (Brawley, Calif.) — from “BBB-” to “BB” (Fitch Ratings)  

6. ProMedica (Toledo, Ohio) — from “BBB” to “BBB-” (Fitch Ratings) 

7. South Shore Hospital (Weymouth, Mass.) — from “Baa1” to “Baa2” (Moody’s Investors Service) 

More articles on healthcare finance: 

Tenet’s net income more than triples in Q2
11 hospitals return $192M in CARES Act payments
Florida hospital to close Aug. 31

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Register to Attend Webinar

Reconsider What’s Possible: Enterprise RCM and the Pro-Fee Practice

Tuesday, July 28
11:00 AM - 12:00 PM CDT

Presenters: Garett Kreitz, Med-MetrixJohn Stefanowicz, Med-MetrixPaul Summers, Nevada Heart & Vascular

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.