The credit rating for the central San Joaquin Valley’s largest hospital system has been lowered by a major credit rating agency, citing a “challenging operating environment.”
As of Sept. 8, Community Health System’s revenue bond rating was downgraded from to “Baa1” from “A3” by Moody’s Ratings. At the same time, the outlook for CHS was revised to “stable” from “negative.”
“Despite improvements, operating performance will remain subject to significant headwinds resulting in operating margins that remain modest compared to peers and below historical averages,” Moody’s said…