Article: Moody's lowers six hospital bond ratings in the commonwealth of Massachusetts; no bond upgraded.

MOODY'S LOWERS SIX HOSPITAL BOND RATINGS IN THE

COMMONWEALTH OF MASSACHUSETTS; NO BONDS UPGRADED

NEW YORK, Dec. 7 /PRNewswire/ -- Effective today, Moody's Investors Service announced that it has completed a review of all Massachusetts hospital revenue bond ratings. The review in six downgrades, 24 confirmations and no upgrades. The 30 bond ratings are secured by 28 hospitals.

For those bond ratings which were downgraded, Moody's found that poor or fluctuating operating performance, low cash reserves, or changes in hospital strategy created credit uncertainty. A major consideration in Moody's analysis was the Commonwealth's unique ...






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