Standard & Poor lowered the bond rating on $300 million on a 2008 series of bonds following “multiple years of strained operational results, constrained balance sheet metrics and stagnant volumes,” according to an S&P analyst cited in the report.
S&P lowered the health system’s rating from “A+” to “A” a year ago, according to the report.
JHSMH experienced a loss of nearly $18 million for 2009 and the first three months of 2010.
Read the Business First report on Jewish Hospital & St. Mary’s.
Read other coverage on Jewish Hospital & St. Mary’s.
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