4 Health Systems Receive Credit Downgrades

Four health systems have received credit rating downgrades in the last 30 days, according to a report by HFA Partners.

The health systems receiving the downgrades include:

•    Dickinson County Healthcare (Iron Mountain, Mich. — From BBB- to BB+ (Fitch)
•    Eisenhower Medical Center (Rancho Mirage, Calif.) — From Baa1 to Baa2 (Moody's)
•    Riverside Health System (Riverside, Calif.) — From AA to AA- (S&P)
•    St. Joseph Health Services (Greenville, RI ) — From B2 to Caa1 (Moody's)

Three health systems received bond rating upgrades in the same timeframe. To see a full list of rating changes, click here.

More Articles on Hospital Bonds:

Children's Hospital of Philadelphia Sells $270M in Bonds
Washington Public Hospital District No. 4 to Sell $15.3M in Bonds
Catholic Health Initiatives' Bonds Receive 'AA/F1+' Rating From Fitch

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