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.
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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
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