Credit agency downgrades Butler Health rating to BBB
The credit agency Fitch Ratings has downgraded the credit rating for Butler Health System from A to “BBB,” citing “deficit operating and excess losses.” Butler Eagle File Photo
Fitch cites ‘deficit operating and excess losses’
The bad news keeps coming for the recently merged Butler Health System.
Credit agency Fitch Ratings has downgraded the credit rating for the financially troubled hospital network from A to “BBB,” citing “deficit operating and excess losses.” Butler Health recently reported losses of $33.1 million for the nine-month period ending March 31.
A BBB rating indicates that expectations of default risk are currently low. The capacity for payment of financial commitments is considered adequate, but adverse business or economic conditions are more likely to impair this capacity.
