The following health systems received credit ratings downgrades in the last 30 days, according to a report by HFA Partners.
Hospitals receiving downgrades included:
• Catholic Health East (Newtown Square, Pa.) — From A1 to A2 (Moody's)
• Crittenton Hospital (Rochester Hills, Mich.) — From A3 to Baa1 (Moody's)
• Greenville (S.C.) Hospital System — From AA to AA- (Fitch)
• Mary Washington Healthcare (Fredericksburg, Va.) — A- to BBB+ (Fitch)
• Memorial Health System of East Texas (Lufkin, Texas) — From Baa2/BBB to Baa3/BBB- (Moody's/S&P)
• Northern Berkshire Healthcare (North Adams, Mass.) — From CCC to D (S&P/Fitch)
• Northwest Community Hospital (Arlington Heights, Ill.) — From Aa3 to A1 (Moody's)
• University Hospitals (Cleveland) — From Baa1 to Baa3 (Moody's)
Read the full list of hospital credit rating upgrades and downgrades in the last 30 days (pdf).
Related Articles on Hospital Credit Ratings:
Low Investment-Grade Hospitals Face Highest Borrowing Costs Since 2009
Moody's: Rating Volatility in Healthcare At Lowest in 10 Years
Hospitals receiving downgrades included:
• Catholic Health East (Newtown Square, Pa.) — From A1 to A2 (Moody's)
• Crittenton Hospital (Rochester Hills, Mich.) — From A3 to Baa1 (Moody's)
• Greenville (S.C.) Hospital System — From AA to AA- (Fitch)
• Mary Washington Healthcare (Fredericksburg, Va.) — A- to BBB+ (Fitch)
• Memorial Health System of East Texas (Lufkin, Texas) — From Baa2/BBB to Baa3/BBB- (Moody's/S&P)
• Northern Berkshire Healthcare (North Adams, Mass.) — From CCC to D (S&P/Fitch)
• Northwest Community Hospital (Arlington Heights, Ill.) — From Aa3 to A1 (Moody's)
• University Hospitals (Cleveland) — From Baa1 to Baa3 (Moody's)
Read the full list of hospital credit rating upgrades and downgrades in the last 30 days (pdf).
Related Articles on Hospital Credit Ratings:
Low Investment-Grade Hospitals Face Highest Borrowing Costs Since 2009
Moody's: Rating Volatility in Healthcare At Lowest in 10 Years