The negative rating watch is based on a number of factors, including the medical center’s failed attempt in August 2016 to obtain a $55 million general obligation bond issuance by the county to finish construction on a building that broke ground in 2012.
More articles on healthcare finance:
S&P places MetroHealth System’s ‘A-‘ bonds on CreditWatch
S&P lowers North Oaks Health System’s rating to ‘BB+’ on select bonds
Fitch assigns ‘AA-‘ rating to University Medical Center of El Paso’s bonds
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