Despite challenging economic and credit conditions, bond ratings at 20 nonprofit hospitals and health systems have been upgraded since late 2008, Moody’s Investors Service said in a new report that identifies common factors that have contributed to their success.
“While downgrades will likely continue to outnumber upgrades in coming months, we expect some upgrades will continue to occur as some hospitals continue to navigate through these times better than others,” said Moody’s Associate Analyst Jae Choi, author of the report:Diagnosing Not-for-Profit Hospital Upgrades: Rating Upgrades Continue Despite Challenging Industry Credit Conditions.
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