Moody's downgrades Ohio Valley General Hospital's rating to 'B2'

Moody's Investors Service has downgraded Kennedy Township, Pa.-based Ohio Valley General Hospital's rating to "B2" from "Ba3," affecting approximately $25 million of outstanding debt.

The downgrade is based on a number of factors, including OVGH's large operating losses, negative cash flow and significant recent liquidity declines.

The outlook is negative, reflecting OVGH's risks of breaching a covenant and debt acceleration or further liquidity decline if operating losses continue at the current pace.

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