Fitch downgrades Parrish Medical Center’s rating to ‘BBB’

Fitch Ratings has downgraded the rating to “BBB” from “BBB+” on Titusville, Fla.-based Parrish Medical Center’s series 2008 revenue refunding bonds, affecting $30.8 million.

Advertisement

The rating downgrade is based on several factors, including PMC’s continued and increased operating losses.

The outlook is revised to negative from stable.

More articles on healthcare finance:
Sant Partners to buy bankrupt Pontiac hospital: 7 things to know
Chicago healthcare startup to offer consumer billing advocacy
UA gets grant to support state’s rural hospital system

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.