S&P downgrades New Liberty Hospital District to 'BBB+'

S&P Global Ratings downgraded its long-term rating on New Liberty (Mo.) Hospital District to "BBB+" from "A-." The district does business as Liberty Hospital.

The downgrade is a result of Liberty Hospital's continuous loss of market share and sustained operating weakness.

The outlook is stable at the lower rating, reflecting S&P's expectation that hospital management will prevent further declines in market share to protect operations.

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