Greater Baltimore Medical Center outlook revised to negative

Towson, Md.-based Greater Baltimore Medical Center, while having its default rating and that on  a series of bonds affirmed at "A+," saw its outlook downgraded to negative, Fitch said July 26.

The new outlook reflected weaker-than-anticipated earnings for GBMC, with a $42 million operating loss through the 11 months ending May 31, Fitch said.

Fitch does expect some operating improvement in the system whose flagship facility is a 374-bed acute care hospital serving much of suburban Baltimore. The medical center employs 225 physicians.

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