In addition, Fitch maintains its negative rating watch on the bonds and issuer default rating.
The downgrade is a result of TRMC’s inability to restore liquidity and political instability in its governing board.
The negative rating watch reflects S&P’s unfavorable opinion regarding the fractured governance of TRMC.
More articles on healthcare finance:
Lurie Children’s Hospital receives $3.5M from Chicago Cubs first baseman
17 donations, grants to healthcare organizations in August
6 recent hospital, health system outlook and credit rating actions
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.