Moody’s downgrades Pennsylvania system to ‘Caa3’ after missed bond payments
Meadowbrook, Pa.-based Redeemer Health’s credit rating was downgraded to “Caa3” from “B1” on Oct. 9 after the system missed scheduled debt service payments. Moody’s tied the downgrade to the missed payments and the acceleration of about $87 million in obligations under the system’s master indenture. The ratings agency said the default points to elevated governance […] The post Moody’s downgrades Pennsylvania system to ‘Caa3’ after missed bond payme...
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