Connecticut Children's Hospital Downgraded, But Stable
Hartford News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Fitch Ratings downgrades Connecticut Children’s Medical Centers credit rating from A plus to A due to ongoing operating losses and liquidity issues, primarily driven by a challenging payer mix. The hospital maintains an investment-grade score with a stable outlook, but higher interest on future debt is possible. The downgrade results from an $18.3 million operating loss in FY2025, with Medicaid reimbursements covering less than costs. Hospital leaders remain optimistic, citing a stable outlook and solid credit strength. Recent developments include a $50 million lead gift for a new clinical tower and a turnaround strategy aiming for profitability in two years. Management is focusing on cost controls and operational improvements, but further losses could impact the rating.
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