Moody's downgrades Baptist Health South Florida's rating to 'Aa3'

Moody's Investors Service has downgraded the rating to "Aa3" from "Aa2" on Coral Gables-based Baptist Health South Florida's bonds and taxable notes.

The rating downgrade is based on several factors, including BHSF's marked decline in margins, weaker operations and the presence of multiple competitors in the area.

The outlook is stable, reflecting Moody's Investors Service's expectation that reduced operating flexibility will be met with cost and revenue improvement initiatives.

More articles on healthcare finance:
Piedmont receives $75M donation for heart care, capital improvements: 5 things to know
Former hospital executive takes on 'price gouging' in healthcare, asks for presidential candidates' support
eClinicalWorks granted tax break in Mass.

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers