Moody's downgrades Albert Einstein Healthcare Network rating to 'Ba1'


Moody's Investors Service has downgraded its bond and issuer ratings for Philadelphia-based Albert Einstein Healthcare Network from "Baa3" to "Ba1," affecting $440 million of rated debt.

The downgrade reflects Moody's expectation that Einstein's liquidity at the end of fiscal year 2019 will be lower than the previous year.

The rating outlook has been revised from negative to stable.

More articles on healthcare finance:

Trump's 2020 budget: 5 must-read stories for healthcare leaders
Shuttered California hospital to reopen after city OKs operating agreement
CEO Peter Banko on Centura Health's plan to double revenue by 2025

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Top 40 Articles from the Past 6 Months