Moody's downgrades Trinity Health System's rating to 'Baa1'

Moody's Investors Service has downgraded the rating to "Baa1" from "A3" on Steubenville, Ohio-based Trinity Health System's series 2010 fixed rate revenue bond ratings, affecting approximately $36 million.

The downgrade is based on a number of factors, including THS' marked decline in operating performance in fiscal year 2015. Offsetting THS' challenges are its leading market position and steady liquidity levels.

The outlook is negative, reflecting Moody's Investors Service's expectation that THS will keep experiencing financial pressure in the coming months.

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