Site last updated: Saturday, January 11, 2025
Welcome, GuestSign In

Log In

Reset Password
MENU
Butler County's great daily newspaper

Butler Health System bond rating lowered

Fitch Ratings, a financial services company based in New York, has revised a rating for Butler Health System’s $79 million revenue bonds to negative, after the system breached its rolling 12-month debt service coverage covenant with Truist Bank.

Financial results through Dec. 31 suggest that operating challenges persist, and inflationary pressures on labor and supplies are adding financial strain to the system.

Additionally, patient volumes have yet to rebound to pre-pandemic levels, according to a Wednesday, Feb. 22, news release from Fitch.

At this point, Truist has not declared a default for the BHS bond.

More in Local News

Subscribe to our Daily Newsletter

* indicates required
TODAY'S PHOTOS