The downgrade is a result of several factors, including the health system’s negative operating performance in fiscal year 2017, declining liquidity measures and uncertainty in state funding status. Moody’s also acknowledged the health system’s planned improvement strategies to bolster liquidity metrics.
The outlook is revised to negative from stable, reflecting the health system’s severe operating loss and declining liquidity in fiscal year 2017.
More articles on healthcare finance:
Morgan Memorial receives $35M USDA loan to finance new hospital
13 recent hospital, health system outlook and credit rating actions
Dolly Parton gives $1M gift to Vanderbilt children’s hospital
