Fitch downgrades rating on MaineGeneral Health's bonds to 'BB'

Alyssa Rege - Print  | 

Fitch Ratings downgraded the rating to "BB" from "BBB-" on Augusta-based MaineGeneral Health's $280.75 million of series 2011 revenue bonds.

The ratings downgrade is based on a number of factors, including the health system's weakened profitability and debt service coverage and light liquidity.

The outlook was revised to stable from negative.

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