The downgrade is based on several factors, including the district’s narrow liquidity and weak balance sheet. The rating is supported by the district’s large tax base.
Moody’s has assigned a negative outlook, reflecting projected weak financial performance indicated on the district’s 2015 unaudited financial and 2016 budget.
More articles on finance:
Fitch: Capital spending will rise for nonprofit hospitals
Moody’s: Entrance of nonprofit hospitals into health insurance will rise
Moody’s affirms New Hanover Regional Medical Center’s ‘A1’ rating
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
