“The revised outlook reflects our view of BDCH’s softening profitability and coverage levels in fiscal year 2016 and year-to-date fiscal 2017 that represent a departure from a multi-year strengthening trend for related financial metrics which had been a key factor supporting the positive outlook,” said S&P Global Ratings credit analyst Wendy Towber. “The stable outlook further reflects our view of BDCH’s modest growth in unrestricted reserves, growing outpatient presence in its limited service area and strategic initiatives around physicians and access to care.”
S&P also affirmed the “BBB-” rating on BDCH’s series 2013A fixed rate revenue bonds.
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