The hospital’s one-year outlook is negative and may be lowered within the one-year period if the hospital experiences a dramatic decline in patient volume or reimbursement leading to further operating losses.
“The negative outlook reflects the tenuous financial situation in Puerto Rico overall and the uncertain future of government reimbursement for all Puerto Rico hospitals,” said S&P analyst Jennifer Soule.
More articles on healthcare finance:
S&P places MetroHealth System’s ‘A-‘ bonds on CreditWatch
S&P lowers North Oaks Health System’s rating to ‘BB+’ on select bonds
Fitch assigns ‘AA-‘ rating to University Medical Center of El Paso’s bonds
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