Moody's downgrades Iraan General Hospital District's rating to 'Baa3'

Moody's Investors Service has downgraded Iraan (Texas) General Hospital District's rating to "Baa3" from "A2."

The downgrade is based on a number of factors, including the district's small hospital size and moderate debt burden.

Moody's has assigned a negative outlook, reflecting the lack of Medicaid expansion in the state as well as the district's susceptibility to depressed oil prices, which will likely continue to pressure the local economy.

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