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.

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 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months