9 recent hospital, health system outlook and credit rating actions

The following hospital and health system credit rating and outlook changes and affirmations occurred in the last week, beginning with the most recent.

1. S&P downgrades Nash Health Care System to 'BBB' on deteriorating finances
S&P Global Ratingsdowngraded Rocky Mount, N.C.-based Nash Health Care System's long-term rating to "BBB" from "BBB+," affecting $67.5 million of debt. 

2. S&P hits Verity Health System with downgrade, negative outlook after bankruptcy filing
S&P Global Ratings downgraded Redwood City, Calif.-based Verity Health System to "CC" from "CCC," affecting about $325 million of debt.

3. Fitch assigns 'BBB+' issuer rating to NYU Winthrop Hospital
Fitch Ratings assigned its "BBB+" issuer default rating to Mineola, N.Y.-based NYU Winthrop Hospital. In addition, the credit rating agency affirmed its "BBB+" rating on the hospital's series 2012 revenue bonds, affecting $130.2 million of debt.  

4. Fitch affirms 'BBB-' rating on Oaklawn Hospital, assigns positive outlook
Fitch Ratings affirmed its "BBB-" rating on Marshall, Mich.-based Oaklawn Hospital's $63.5 million series 2016 revenue bonds. Concurrently, Fitch assigned the hospital an issuer default rating of "BBB."  

5. Fitch upgrades Frederick Memorial Hospital to 'A-'
Fitch Ratings upgraded Frederick (Md.) Memorial Hospital's series 2012A revenue bonds to "A-" from "BBB+." Concurrently, Fitch assigned the hospital an "A-" issuer default rating. 

6. Moody's affirms Cooper University Health Care's 'Baa1' rating
Moody's Investors Service affirmed its "Baa1" rating on Camden, N.J.-based Cooper University Health Care, affecting $236 million of outstanding revenue bonds.

7. Fitch assigns 'BB+' rating to John Fitzgibbon Memorial Hospital, issues rating watch negative
Fitch Ratings assigned its "BB+" issuer default rating to Marshall, Mo.-based John Fitzgibbon Memorial Hospital.  

8. Moody's assigns 'Aa2' to Mayo Clinic's bonds
Moody's Investors Service assigned its "Aa2" rating to Rochester, Minn.-based Mayo Clinic's proposed $200 million series 2018 revenue bonds. Concurrently, Moody's affirmed its "Aa2" rating on the health system's $3 billion of outstanding debt. 

9. Moody's affirms 'A2' rating on Renown Health
Moody's Investors Service affirmed its "A2" rating on Reno, Nev.-based Renown Health, affecting $448 million of rated debt.  

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