S&P Global Ratings has revised the outlook to negative from stable and affirmed the "A+" rating on Baton Rouge, La.-based Franciscan Missionaries of Our Lady Health System's bonds.
"The outlook revision reflects our view of FMOLHS' balance sheet, which will be depleted by the issuance of approximately $100 million to $125 million of debt in fiscal 2017," said S&P analyst Allison Bretz.