The following hospital and health system rating and outlook changes and affirmations took place in the last week, starting with the most recent.
1. Fitch downgrades Loma Linda University Medical Center's bond rating
Fitch Ratings downgraded the rating on approximately $683 million of series 2014A-C revenue bonds issued on behalf of Loma Linda (Calif.) University Medical Center by the California Statewide Communities Development Authority to "BB+" from "BBB-."
2. Moody's downgrades Antelope Valley Healthcare District's rating
Moody's Investors Service downgraded the ratings on Lancaster, Calif.-based Antelope Valley Healthcare District's revenue bonds to "Ba3," affecting approximately $97 million of rated debt.
3. Fitch affirms Trinity Mother Frances Health System's rating
Fitch Ratings affirmed the "BBB+" rating on Tyler, Texas-based Trinity Mother Frances Health System's series 2011, 2007A and 2007 B revenue bonds.
4. Moody's affirms South Jersey Hospital's 'A2' rating
Moody's Investors Service affirmed the long-term "A2" rating on Vineland, N.J.-based South Jersey Hospital System's $139.2 million of outstanding debt. The system makes up 72 percent of the total assets of its parent corporation, Woodbury, N.J.-based Inspira Health Network.
5. S&P revises Pinnacle Health System's rating to stable
S&P revised the outlook on Harrisburg, Pa.-based Pinnacle Health System's revenue debt to positive from stable. In addition, S&P has affirmed its "A" rating on the system's debt.
6. Moody's affirms Virginia Mason Medical Center's 'Baa2' rating
Moody's Investors Service affirmed Seattle-based Virginia Mason Medical Center's "Baa2" long-term and underlying revenue bond ratings, affecting $451 million of rated debt.
7. Moody's affirms Miami Valley Hospital's 'Aa3' rating
Moody's Investors Service affirmed the "Aa3" and "Aa3/VMIG 1" ratings on Dayton, Ohio-based Miami Valley Hospital's bonds, affecting approximately $289 million of revenue bonds.
8. Moody's affirms Upper Valley Medical Center's 'A2' rating
Moody's Investors Service affirmed the "A2" rating on Troy, Ohio-based Upper Valley Medical Center's series 2006 bonds, affecting $43.6 million of revenue bonds.