5 health systems with downgraded outlooks

Becker's Healthcare October 22, 2024
Andrew Cass

Here are five health systems that had their outlooks downgraded by Fitch Ratings or Moody’s Investors Service since Aug. 21:

Note: This is not an exhaustive list. Health systems were compiled from credit rating reports.

1. Moody’s downgraded St. Louis-based Ascension’s outlook to negative from stable. Moody’s said the negative outlook reflects Ascension’s challenges in improving operating cash flow margins to pre-pandemic levels without relying on positive one-time items, such as Federal Emergency Management Agency grants. Ascension has an “Aa2” rating with Moody’s.

2. Moody’s downgraded Seattle-based Fred Hutchinson Cancer Center’s outlook to negative from stable. The revision reflects weak operating margins that will continue for at least the next year, Moody’s said. Fred Hutchinson has an “A2”...

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