The rating watch assignment was based on a number of factors, including the medical center’s weaker than expected financial performance and negative adjustments to its accounts receivable and net patient revenue following an audit.
More articles on healthcare finance:
Moody’s downgrades rating on CHI’s debt to ‘Baa1’
Moody’s affirms ‘A3’ rating on Torrance Memorial Medical Center’s bonds
Moody’s assigns ‘Aa3’ rating to Allina Health System’s bonds
