Fitch Ratings has downgraded the ratings on Lebanon, N.H.-based Dartmouth-Hitchcock Obligated Group's $57.5 million of series 2009 bonds and $75 million of series 2010 bonds to "A" from "A+."
Dartmouth-Hitchcock Obligated Group is part of the parent organization Dartmouth-Hitchcock Health.
The downgrade is based on several factors, including Dartmouth-Hitchcock Obligated Group's declining financial profile.
The bonds have been placed on rating watch negative.