Moody's Investors Services has downgraded the ratings to "A2" from "A1" on Spartanburg (S.C.) Regional Health Services District's $190.2 million of outstanding debt.
The downgrade is based on a number of factors, including Spartanburg's increase in debt and constrained balance sheet metrics.
The outlook is stable, reflecting Moody's Investors Service's expectation that Spartanburg's performance in the near term may suffer slightly due to its EMR implementation costs and construction expenses.