Moody’s downgrades South Central Regional Medical Center’s note rating to ‘MIG 3’

Moody’s Investors Service has downgraded Laurel, Miss.-based South Central Regional Medical Center’s short-term rating from “MIG 1” to “MIG 3,” affecting $58 million of hospital revenue notes.

Advertisement

The severity of the downgrade reflects significant delays which have elevated the hospital’s risk of completing a construction project in time to secure a loan from the U.S. Department of Agriculture.

Short-term MIG ratings do not carry outlooks.

More articles on healthcare finance:

Nevada governor wants state funding to help residents resolve ER billing disputes
Washington insurance commissioner proposes legislation to prevent surprise medical bills
RCM tip of the day: Regularly compare physician charges, clinical notes

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.