fitch

Health
2:24 pm
Wed March 14, 2012

Tulare hospital receives debt downgrade

The bond rating firm Fitch announced this week that it is downgrading the debt of a Tulare county hospital. The Tulare Local Health Care District saw its rating dip from BBB- to BB+.

The firm cited the hospital’s recent drop in profitability, and dramatic decline in liquidity as factors for the downgrade. The organization believes the hospital’s financial health will stabilize in the remainder of 2012, as a new 24 bed emergency wing is completed at the Tulare Regional Medical Center.

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