Moody's downgrades MaineGeneral Medical Center's bond rating

Moody's Investors Service has downgraded Augusta-based MaineGeneral Medical Center's bond rating to "Ba2" from "Ba1."

The rating downgrade was based on a number of factors, including the hospital's unexpected material decline in cash, very high leverage, and weak financial performance through nine months of fiscal year 2015.

The hospital's strengths were also considered for the rating action, such as its limited capital needs and leading market position.

The hospital's outlook is negative.

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