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.

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