2 Hospitals Receive Credit Downgrades in Past Month

Two acute-care hospitals and health systems have received credit downgrades in the past 30 days, according to a report by HFA Partners.


The hospital and health systems receiving the credit downgrades include:

•    Adena Health System (Chillicothe, Ohio) — from A to A- (S&P)
•    Halifax Regional Hospital (South Boston, Va.) — from A- to BBB+ (S&P)

The two June downgrades is the lowest amount in several months. In May, there were seven hospital credit downgrades, and in April, there were six.

In the same month-long span, six hospitals and health systems received credit upgrades. They include:

•    Blanchard Valley Health System (Findlay, Ohio) — from A3 to A2 (Moody's)
•    The Medical Center at Bowling Green (Ky.) — from A- to A (S&P)
•    Hawaii Pacific Health (Honolulu) — from BBB+ to A- (S&P)
•    Rush University Medical Center (Chicago) — from A- to A (Fitch)
•    Scottsdale (Ariz.) Healthcare — from A- to A (Fitch)
•    St. Clair Memorial Hospital (Pittsburgh) — from A to A+ (S&P)

Six hospitals and health systems also had positive rating affirmation changes, while four hospitals and health systems had negative rating affirmation changes.

Related Articles on Hospital Credit Ratings:

Supreme Court Ruling Boosts Non-Profit Hospital Municipal Bond Market

Fitch Affirms LifePoint Hospitals' BB Rating

What Moody's Bank Downgrades Mean for Hospitals

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