The hospitals receiving the credit downgrades include:
• Arnot Ogden Medical Center (Elmira, N.Y.) — From A3 to Baa1 (Moody’s)
• East Liverpool (Ohio) City Hospital — From Baa2 to Ab1 (Moody’s)
• Eisenhower Medical Center (Rancho Mirage, Calif.) — From BBB+ to BBB (Fitch)
• Saints Medical Center (Lowell, Mass.) — From Caa1 to B1 (Moody’s) and from B to B- (Fitch)
• St. Joseph Health Services (North Providence, R.I.) — From B to CCC (Fitch)
In the same period, two hospitals — Hazelton (Pa.) General Hospital and United Regional Health Care System in Wichita Falls, Kan. — received credit upgrades.
Related Articles on Hospital Credit Ratings:
Fitch, S&P Credit Ratings to Be Made Available for Free on Website
Making the Grade: Choosing the Right Rating Agency
Moody’s: Removing Property Tax Exemption for Illinois Hospitals Would Be “Credit Negative”
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