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.

More articles on healthcare finance:
Beauty retailer replaces Tenet on S&P 500
ADR limits & denials: 4 observations from Craneware's Jeff St. Vrain
Jefferson's neuroscience institute gets boost with $20M donation

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers