Moody's downgrades Eastern Maine Healthcare Systems' rating to 'Baa3'

Moody's Investors Service has downgraded the rating on Bangor-based Eastern Maine Healthcare Systems' outstanding debt to "Baa3" from "Baa2," affecting approximately $143 million.

The rating downgrade is based on a number of factors, including a decline in EMHS' operating cash flow margins.

The outlook is negative, reflecting the challenges EMHS will likely face in improving its margins.

Moody's has also assigned a "Baa3" rating to EMHS' proposed $162 million of series 2016A bonds and $80 million of series 2016B bonds.

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