Moody's downgrades Mission Regional Medical Center's rating to 'Caa1'

Moody's Investors Service has downgraded Mission (Texas) Regional Medical Center's rating to "Caa1" from "Ba2," affecting $26.4 million of outstanding rated debt.

The rating downgrade is based on a number of factors, including MRMC's decline in unrestricted cash and investments over the past six months.

The outlook remains negative, reflecting the risk of potential interruption in MRMC's debt service payments.

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