Money Talk

Down
Fairfield Medical Center, Lancaster, OH
Rating: Baa2
Outlook: Stable
Affected debt: $55 million
Agency: Moody’s Investors Service
Remarks: Four straight years of declining cash flow led to the downgrade from Baa1. Outlook changed from negative to stable, however, as the hospital maintains adequate debt measures and liquidity.

Up
Poudre Valley Health System, Fort Collins, CO
Rating: Baa2
Outlook: Positive
Affected debt: $380 million
Agency: Moody’s Investors Service
Remarks: Outlook revised from stable in part due to the sixth consecutive year of improving financial performance, with an 11 percent operating margin.

Down
Fauquier Hospital, Warrenton, VA
Rating: BBB+
Outlook: Negative
Affected debt: $60.3 million
Agency: Standard & Poor’s
Remarks: Some softness in operating performance during the first six months of the fiscal year.

Down
Via Christi Health System, Wichita, KS
Rating: A+
Outlook: Stable
Affected debt: $256.8 million
Agency: Standard & Poor’s
Remarks: Outlook revised from positive because of increased competition from specialty hospitals that have resulted in volume and market share declines.

—Philip Betbeze