Moody's Investors Service has downgraded Warner Robins, Ga.-based Houston Healthcare's rating to "A3" from "A2," affecting approximately $70 million of outstanding revenue certificates.
The downgrade is based on several factors, including Houston Healthcare's sustained deterioration in operating performance.
The outlook is stable, reflecting Moody's Investors Service's expectation that Houston Healthcare will maintain its strong unrestricted liquidity and not further weaken its operating performance.