Table of Contents
- Key Takeaways
- Stand-Alone Hospitals Continue To Dominate The Speculative Grade Rating Categories
- Overall 2018 Credit Metrics Broadly Improve Over 2017
- Lower-Rated Credits Typically Remain In The Speculative Grade Category
- Our Speculative Grade Universe Has A Higher Percentage Of Negative Outlooks
- Separate Criteria Is Used For Organizations Rated ‘CCC+’ And Below
- Ratio Analysis
- Related Research
Key Takeaways
- Stand-alone hospitals continue to dominate the speculative grade category.
- Speculative grade credit metrics in 2018 show broad overall improvement compared to 2017, particularly with regard to operating performance and debt service coverage.
- There is a higher percentage of negative outlooks in our speculative rating categories than in the overall acute care not-for-profit provider portfolio.