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Record number of debt downgrades for not-for-profits in 2012: Moody’s
Modern Healthcare

Moody’s Investors Service downgraded a record amount of debt held by not-for-profit healthcare providers last year as concerns mounted about weakening inpatient volume and reimbursement. The downgrades on the not-for-profit side contrast with more optimism seen among publicly-traded hospital operators, which have recorded significant gains in their share prices over the past 13 months. Yet Moody’s noted that it downgraded $20 billion in not-for-profit healthcare debt in 2012, more than twice in the previous year, when it downgraded $6.4 billion.

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