Moody's Investors Service has affirmed "A1" ratings assigned to Waukesha, Wis.-based ProHealth Care's bonds and downgraded the system's outlook to negative from stable.
The rating affirmation was supported by a number of factors, including the system's solid market position, its history of strong financial performance and strengthening balance sheet metrics.
ProHealth also faces some challenges, which were considered for the rating affirmation and the outlook revision, such as being highly leveraged and experience weak revenue growth over the last two years.
According to Moody's, the outlook revision to negative reflects pressure on the system to rebuild momentum after two years of softening in order to generate ample cash-flow to cover the system's high and rising debt load.
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