The following hospital and health system credit rating and outlook changes and affirmations occurred in the last week, beginning with the most recent.
1. S&P downgrades Nash Health Care System to 'BBB' on deteriorating finances
S&P Global Ratingsdowngraded Rocky Mount, N.C.-based Nash Health Care System's long-term rating to "BBB" from "BBB+," affecting $67.5 million of debt.
2. S&P hits Verity Health System with downgrade, negative outlook after bankruptcy filing
S&P Global Ratings downgraded Redwood City, Calif.-based Verity Health System to "CC" from "CCC," affecting about $325 million of debt.
3. Fitch assigns 'BBB+' issuer rating to NYU Winthrop Hospital
Fitch Ratings assigned its "BBB+" issuer default rating to Mineola, N.Y.-based NYU Winthrop Hospital. In addition, the credit rating agency affirmed its "BBB+" rating on the hospital's series 2012 revenue bonds, affecting $130.2 million of debt.
4. Fitch affirms 'BBB-' rating on Oaklawn Hospital, assigns positive outlook
Fitch Ratings affirmed its "BBB-" rating on Marshall, Mich.-based Oaklawn Hospital's $63.5 million series 2016 revenue bonds. Concurrently, Fitch assigned the hospital an issuer default rating of "BBB."
5. Fitch upgrades Frederick Memorial Hospital to 'A-'
Fitch Ratings upgraded Frederick (Md.) Memorial Hospital's series 2012A revenue bonds to "A-" from "BBB+." Concurrently, Fitch assigned the hospital an "A-" issuer default rating.
6. Moody's affirms Cooper University Health Care's 'Baa1' rating
Moody's Investors Service affirmed its "Baa1" rating on Camden, N.J.-based Cooper University Health Care, affecting $236 million of outstanding revenue bonds.
7. Fitch assigns 'BB+' rating to John Fitzgibbon Memorial Hospital, issues rating watch negative
Fitch Ratings assigned its "BB+" issuer default rating to Marshall, Mo.-based John Fitzgibbon Memorial Hospital.
8. Moody's assigns 'Aa2' to Mayo Clinic's bonds
Moody's Investors Service assigned its "Aa2" rating to Rochester, Minn.-based Mayo Clinic's proposed $200 million series 2018 revenue bonds. Concurrently, Moody's affirmed its "Aa2" rating on the health system's $3 billion of outstanding debt.
9. Moody's affirms 'A2' rating on Renown Health
Moody's Investors Service affirmed its "A2" rating on Reno, Nev.-based Renown Health, affecting $448 million of rated debt.
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