Moody’s, S&P downgrade Methodist Le Bonheur bond ratings
Methodist Le Bonheur Healthcare’s bond rating has been downgraded for the second time in just over a year. (The Daily Memphian files)
Two major bond-rating firms have downgraded Methodist Le Bonheur Healthcare for the second time in just over a year, both citing accelerated operating losses and diminished reserves.
The move comes after years of challenges to the larger health care sector, with many hospitals suffering operating losses in recent years, including in Memphis.
Moody’s reduced Methodist’s rating from A2 to A3 in December. Standard & Poor’s downgraded Methodist from A+ to A, also in December. Both rate the outlook as negative.
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Jane Roberts
Jane Roberts has reported in Memphis for more than 20 years. As a senior member of The Daily Memphian staff, she was assigned to the medical beat during the COVID-19 pandemic. She also has done in-depth work on other medical issues facing our community, including shortages of specialists in local hospitals. She covered K-12 education here for years and later the region’s transportation sector, including Memphis International Airport and FedEx Corp.
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