The ratings agency lowered 54 grades in nonprofit healthcare, while raising grades on 21, the least in six years, according to the report. Moody’s analysts attributed the credit weakening to the operating pressures on hospitals caused by the weak economy.
The credit weakening eased in the second half of the year, and overall, hospitals and health systems that had their ratings confirmed accounted for 79 percent of all ratings actions.
Read the Bloomberg report on Moody’s hospital credit downgrades.
