Fitch downgrades Dartmouth-Hitchcock Obligated Group’s ratings to ‘A’

Fitch Ratings has downgraded the ratings on Lebanon, N.H.-based Dartmouth-Hitchcock Obligated Group’s $57.5 million of series 2009 bonds and $75 million of series 2010 bonds to “A” from “A+.”

Advertisement

Dartmouth-Hitchcock Obligated Group is part of the parent organization Dartmouth-Hitchcock Health.

The downgrade is based on several factors, including Dartmouth-Hitchcock Obligated Group’s declining financial profile.

The bonds have been placed on rating watch negative.

More articles on healthcare finance:
UMC approves debt repayment plan for bankrupt children’s hospital
More companies give prominence to GAAP accounting figures
Financial and legal options for economically distressed rural hospitals

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.