Moody’s downgrades Bethesda Health’s rating to ‘Baa2’

Moody’s Investors Service has downgraded to “Baa2” from “Baa1” the underlying rating on Boynton Beach, Fla.-based Bethesda Health’s series 2010A fixed rate bonds, affecting approximately $125 million of rated debt.

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The downgrade is based on several factors, including Bethesda’s multiple years of challenged operating performance.

The outlook is negative, reflecting Bethesda’s ongoing challenges regarding operating performance and operating leverage.

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