Moody's Investors Service downgraded the rating on Vincennes, Ind.-based Good Samaritan Hospital's outstanding revenue bonds to "Baa3" from "Baa2."
The downgrade is based on a number of factors, including GSH's unexpected material declines in liquidity.
The outlook is negative, reflecting the extent of GSH's liquidity decline and its lack of a longer track record of operating improvement.
Moody's also assigned a "Baa3" rating to Good Samaritan Hospital's proposed $42 million of series 2016A bonds.