Moody's downgrades Gwinnett Hospital System revenue certificates to 'Baa1'

Moody's Investors Service downgraded Lawrenceville, Ga.-based Gwinnett Hospital System's revenue certificates from "A3" to "Baa," affecting $132 million of rated debt.

The rating reflects Moody's expectation that the system will continue to experience weakened financial performance until its merger talks with Atlanta-based Northside Hospital are resolved.

The rating outlook has been revised from stable to negative.

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