Louisville, Ky.-based Jewish Hospital & St. Mary's HealthCare's bond rating has been downgraded for a second time from a "A" to an "A-", according to a Business First report.
Standard & Poor lowered the bond rating on $300 million on a 2008 series of bonds following "multiple years of strained operational results, constrained balance sheet metrics and stagnant volumes," according to an S&P analyst cited in the report.
S&P lowered the health system's rating from "A+" to "A" a year ago, according to the report.
JHSMH experienced a loss of nearly $18 million for 2009 and the first three months of 2010.
Read the Business First report on Jewish Hospital & St. Mary's.
Read other coverage on Jewish Hospital & St. Mary's.
- Kentucky Health System Names Interim CEO
- Louisville's Jewish Hospital & St. Mary's Rejects $1B Deal From Community Health Systems
- University of Louisville Hospital and Jewish Hospital & St. Mary's Consider Merger
Standard & Poor lowered the bond rating on $300 million on a 2008 series of bonds following "multiple years of strained operational results, constrained balance sheet metrics and stagnant volumes," according to an S&P analyst cited in the report.
S&P lowered the health system's rating from "A+" to "A" a year ago, according to the report.
JHSMH experienced a loss of nearly $18 million for 2009 and the first three months of 2010.
Read the Business First report on Jewish Hospital & St. Mary's.
Read other coverage on Jewish Hospital & St. Mary's.
- Kentucky Health System Names Interim CEO
- Louisville's Jewish Hospital & St. Mary's Rejects $1B Deal From Community Health Systems
- University of Louisville Hospital and Jewish Hospital & St. Mary's Consider Merger