Fitch downgrades the rating to 'BBB+' on South Shore Hospital's bonds

Fitch Ratings has downgraded the rating to "BBB+" from "A-" on South Weymouth, Mass.-based South Shore Hospital's following bonds:

  • $17.3 million of series 1999F bonds
  • $8 million of series 1992D bonds

The downgrade is based on a number of factors, including a material debt increase.

Fitch also assigned a "BBB+" rating to South Shore Hospital's series H (2016) bonds, affecting approximately $110.1 million.

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