The outlook revision is based on several factors, including JFMH’s lagging profitability and vulnerability to governmental payers.
Fitch also affirmed the “BBB-” rating on JFMH’s $9.9 million of series 2010 bonds.
More hospital outlook and credit rating actions:
Fitch assigns ‘A+’ rating to Holland Community Hospital’s bonds
Moody’s revises Doylestown Hospital’s outlook to stable
Moody’s assigns ‘Aa3’ rating to Providence St. Joseph Health’s bonds
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