Moody's downgrades Monroe County Health Care Authority rating to 'Ba1'

Moody's Investors Service downgraded Monroe County (Ala.) Health Care Authority's rating from "A3" to "Ba1," affecting $3.6 million in general obligation limited tax bonds.

The authority includes Monroe County Hospital, and the downgrade reflects its narrow liquidity and negative operating margins as well as its increased debt burden.

The rating outlook is under review with a direction down.

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