News Headlines Article

Eisenhower losses spur credit-rating downgrades
The Desert Sun

Citing a sagging bottom line and millions in losses, two of the nation’s top financial ratings agencies have downgraded Eisenhower Medical Center’s credit rating and are signaling that future downgrades could follow.

Moody’s Investors Service dropped the Rancho Mirage hospital’s rating from Baa1 to Baa2, while at Fitch Ratings, the cut was from A- to BBB.