“The negative outlook reflects our view of Partners’ weakened financial profile, including volatile financial operating performance in recent years and a sizable operating loss reported for fiscal [year] 2016,” said S&P analyst Jennifer Soule.
The ratings agency also affirmed the “AA-” rating on the health system’s variable rate demand obligation debt.
More articles on healthcare finance:
Moody’s assigns ‘Baa1’ to Community Hospitals of Central California’s bonds
Fitch affirms ‘A-‘ rating on Butler Health System’s bonds
Moody’s downgrades Charleston Area Medical Center’s rating to ‘Baa1’
