Moody's Investors Service announced it will review Lowell (Mass.) General Hospital's current Baa1 rating for a possible downgrade, according to a Boston Business Journal report.
Earlier this month, Lowell General announced a definitive agreement to merge with Saints Medical Center, also in Lowell. According to Moody's the deal could result in Lowell partially taking on Saints' debt, and Lowell could additionally be burdened by Saints poor operating results.
Moody's currently has a Caa1 rating for Saints, which it will review for a possible upgrade in light of the merger.
Earlier this month, Lowell General announced a definitive agreement to merge with Saints Medical Center, also in Lowell. According to Moody's the deal could result in Lowell partially taking on Saints' debt, and Lowell could additionally be burdened by Saints poor operating results.
Moody's currently has a Caa1 rating for Saints, which it will review for a possible upgrade in light of the merger.
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