6 Hospital Credit Ratings Downgraded in Last 30 Days

The credit ratings of six different hospitals and health systems were downgraded by various ratings agencies from Oct. 15, 2010 – Nov. 15, 2010, according to a report from HFA Partners.

The hospitals receiving credit downgrades include:

•    Helen Keller Hospital (Sheffield, Ala.) — Baa3 to Ba1
•    Keokuk (Iowa) Area Hospital — B3 to Caa2
•    St. Joseph Health Services (North Providence, R.I.) — Ba3 to B2
•    St. Peter's University Hospitals (New Brunswick, N.J.) — Baa2 to Baa3
•    Vassar Brothers Medical Center (Poughkeepsie, N.Y.) —A to A-
•    Westerly (R.I.) Hospital — B2 to Caa1

The hospitals receiving credit upgrades in the last 30 days include:

•    Clarian Health Partners (Indianapolis) — A2 to A1
•    Hazleton (Pa.) General Hospital — Ba2 to Ba1
•    Memorial Hermann (Houston) — A to A+
•    MetroHealth (Cleveland) — BBB+ to A-
•    Rush University Medical Center (Chicago) — A3 to A2

View the HFA Partners report on hospital credit ratings (pdf).

Read more coverage on hospital credit ratings:

- 9 Hospital Credit Ratings Downgraded in Last 30 Days

- Fitch Ratings: California Non-Profit Hospitals Remain Strong Despite Economic Downturn

- Non-Profit Hospitals and Health Systems With the Highest Moody's Ratings