Moody's Investors Service revised Coral Gables-based Baptist Health South Florida's outlook to negative from stable.
The outlook revision is based on the fact that it has taken BHSF longer to restore operating profitability than management expected.
Moody's also assigned an "Aa3" rating to BHSF's proposed $250 million of series 2017 bonds. In addition, Moody's affirmed the "Aa3" and "P-1" ratings assigned to BHSF's outstanding bonds and Taxable Commercial Paper Program.
The rating assignment and affirmation are based on several factors, including BHSF's leading market share and strong liquidity.
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