S&P Global Ratings has revised the outlook to negative from stable and affirmed the "BBB-" rating on Portage, Wis.-based Divine Savior Healthcare's series 2006 revenue bonds.
"The outlook revision reflects our view of DSH's balance sheet deterioration following the 2014 debt issuance and capital spending in 2015 and 2016, as well as the hospital's weaker financial performance and maximum annual debt service coverage through the first eight months of fiscal 2016," said S&P credit analyst Allison Bretz.