Fitch revises Memorial Hospital at Gulfport’s outlook to stable

Fitch Ratings has revised Memorial Hospital at Gulfport (Miss.)’s outlook to stable from negative.

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Fitch also downgraded the rating to “BBB” from “A” on MHG’s $59.6 million of series 2001A revenue bonds. The downgrade is based on several factors, including MHG’s sharp decline in liquidity.

In addition, Fitch assigned a “BBB” rating to MHG’s $60 million of series 2016A revenue bonds.

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