Moody's downgrades South Central Regional Medical Center's note rating to 'MIG 3'

Moody's Investors Service has downgraded Laurel, Miss.-based South Central Regional Medical Center's short-term rating from "MIG 1" to "MIG 3," affecting $58 million of hospital revenue notes.

The severity of the downgrade reflects significant delays which have elevated the hospital's risk of completing a construction project in time to secure a loan from the U.S. Department of Agriculture.

Short-term MIG ratings do not carry outlooks.

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