S&P downgrades Bozeman Health's rating to 'A'

S&P Global Ratings downgraded the rating on Bozeman (Mont.) Health's outstanding revenue bonds to "A" from "A+."

Concurrently, S&P assigned its "A" long-term rating to Bozeman Health's proposed $73.4 million series 2018 revenue bonds.

The downgrade is based on several factors, including Bozeman Health's deteriorating operating performance, heavy debt burden and weaker annual debt service coverage. S&P favorably viewed Bozeman Health's strong enterprise profile.

The outlook is stable.

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