Moody’s downgrades East Jefferson General Hospital’s rating to ‘Ba3’

Moody’s Investors Service has downgraded the rating on Metairie, La.-based East Jefferson General Hospital’s outstanding debt of $154 million to “Ba3” from “Ba2.”

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The rating downgrade reflects inpatient volume contractions through fiscal year 2015.

The outlook is negative, reflecting potential forthcoming rating pressure if EJGH’s efforts to increase volumes and revenue fall through.

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