The following hospital and health system credit rating and outlook changes and affirmations took place in the last week, beginning with the most recent.
1. Moody's assigns 'Aa3' to Stanford Health Care
Moody's Investors Service assigned its "Aa3" rating to Stanford (Calif.) Health Care's proposed $462 million series 2017A and $500 million series 2018.
2. Moody's downgrades Doylestown Hospital to 'Baa3'
Moody's Investors Service downgraded Doylestown (Pa.) Hospital to "Baa3" from "Baa2," affecting $98 million of debt.
3. Fitch affirms 'A-' rating on Washington Hospital
Fitch Ratings affirmed its "A-" rating on Washington (Pa.) Hospital's 2007A, 2007B and 2013A bonds, affecting a total of $42.34 million of debt.
4. Moody's revises Stormont-Vail Healthcare's outlook to negative
Moody's Investors Service affirmed its "A2" rating on Topeka, Kan.-based Stormont-Vail Healthcare's bonds, affecting $189 million of outstanding debt.
5. Moody's upgrades Bethesda Healthcare System to 'A1'
Moody's Investors Service upgraded Boynton Beach, Fla.-based Bethesda Healthcare System's rating to "A1" from "Baa2," reflecting a change in bondholder security.
6. Moody's downgrades Baptist Health South Florida to 'A1'
Moody's Investors Service downgraded South Miami-based Baptist Health South Florida to "A1" from "Aa3," affecting $1.3 billion of outstanding debt.
7. Moody's assigns 'Aa3' to Sharp Healthcare's bonds
Moody's Investors Service assigned its "Aa3" rating to San Diego-based Sharp Healthcare's proposed $150 million series 2017A, $74.5 million series 2017B and $74.6 million series 2017C.
8. Moody's affirms 'Aa3' rating on Piedmont Healthcare
Moody's Investors Service affirmed its "Aa3" rating on Atlanta-based Piedmont Healthcare, affecting $842 million of outstanding debt.