S&P lowers Opelousas General Health System's rating to 'BB+'

S&P Global Ratings lowered the rating on Opelousas (La.) General Health System's series 2003 bonds to "BB+" from "BBB-."

"The lower rating reflects our opinion of OGHS' vulnerable enterprise profile, highlighted by what we consider low market share due to substantial outmigration for tertiary services to nearby competitors and declining admissions through fiscal 2016," said S&P analyst Charlene Butterfield. "We believe our expectation of further improvement in the financial profile provides stability at the current rating."

The outlook is stable.

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