“The negative outlook reflects our view of MEE’s continued operating losses, by our calculation, and weak coverage of pro forma maximum annual debt service” said S&P analyst Jennifer Soule.
The ratings agency also affirmed the “BBB-” long-term rating on the institution’s series 2010 hospital revenue bonds.
More articles on healthcare finance:
Fitch affirms ‘BBB+’ rating on Silver Cross Health System’s bonds
Fitch affirms ‘BB+’ rating on Marshall Medical Center’s bonds
Moody’s affirms ‘A1’ rating on Children’s National Medical Center’s bonds
