The hospital and health systems receiving the credit downgrades include:
• Anderson Hospital (Maryville, Ill.) — from BBB to BBB- (S&P)
• Central Washington Hospital (Wenatchee, Wash.) — from Baa2 to Baa3 (Moody’s) and from BBB to BBB- (Fitch)
• Chilton Hospital (Pompton Plains, N.J.) — from Baa1 to Baa2 (Moody’s)
• Kettering Health Network (Dayton, Ohio) — from A2 to A3 (Moody’s)
• St. Joseph Health Services of Rhode Island (North Providence) — from B- to CCC (S&P)
• Saint Vincent Health System (Erie, Pa.) — from Baa3 to Ba2 (Moody’s)
In the same month-long span, seven hospitals and health systems received credit upgrades. They include:
• Delnor Hospital (Geneva, Ill.) — from A to A+ (S&P)
• John C. Lincoln Health Network (Phoenix) — from BBB to BBB+ (S&P)
• Prince William Hospital (Manassas, Va.) — from A3 to A2 (Moody’s)
• Princeton (W.Va.) Community Hospital — from BBB- to BBB (S&P)
• St. John Health System (Tulsa, Okla.) — from A3 to A2 (Moody’s)
• Stanford Hospital & Clinics (Palo Alto, Calif.) — from A+ to AA- (S&P)
• Vernon Memorial Healthcare (Viroqua, Wis.) — from BBB- to BBB (S&P)
Five hospitals and health systems also had positive rating affirmation changes, while two hospitals and health systems had negative rating affirmation changes.
Related Articles on Hospital Credit Ratings:
Fitch: Standalone Children’s Hospitals Have Strong Liquidity, Operating Profitability
Hospital CFO Panel: How Are You Approaching Your Fiscal Strategy Right Now?
Fitch Upgrades Credit Ratings for Community Health Systems, Tenet
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