S&P downgrades Hunt Memorial Hospital District to 'A-'

S&P Global Ratings downgraded its long-term rating on Greenville, Texas-based Hunt Memorial Hospital District's general obligation debt to "A-" from "A+."

The downgrade is a result of several factors, including the district's limited service area, thin operating margin and reliance on special funding and tax receipts. S&P also acknowledged the district's light debt burden, good market share and operating improvement efforts.

The outlook is stable at the lower rating, reflecting S&P's expectation that the operating improvement efforts and low debt levels will provide credit stability in the next several years.

More articles on healthcare finance:
Allegheny Health Network posts slim profit in Q1: 5 things to know
Consumerism and the patient payment transition: 2 experts discuss
Mississippi hospital changes ER pricing policy after newspaper's probe into child's expensive visit

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


Top 40 Articles from the Past 6 Months