Moody's downgrades Good Samaritan Hospital's rating to 'Baa3'

Moody's Investors Service downgraded the rating on Vincennes, Ind.-based Good Samaritan Hospital's outstanding revenue bonds to "Baa3" from "Baa2."

The downgrade is based on a number of factors, including GSH's unexpected material declines in liquidity.

The outlook is negative, reflecting the extent of GSH's liquidity decline and its lack of a longer track record of operating improvement.

Moody's also assigned a "Baa3" rating to Good Samaritan Hospital's proposed $42 million of series 2016A bonds.

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