Tower Health Credit Rating Downgrade

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Fitch Downgrades Tower Health, PA's Long-Term Ratings to 'CCC'

(4 days ago) WebTue 19 Sep, 2023 - 4:56 PM ET. Fitch Ratings - Austin - 19 Sep 2023: Fitch Ratings has downgraded Tower Health System's, PA (Tower) Long-Term Issuer Default Rating (IDR) to 'CCC' from 'CCC+'. Fitch has also downgraded the following bonds issued by, or on …

https://www.fitchratings.com/research/us-public-finance/fitch-downgrades-tower-health-pa-long-term-ratings-to-ccc-19-09-2023

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S&P downgraded Tower Health's credit rating by two notches to 'B'

(9 days ago) WebPublished Feb. 8, 2023, 12:44 p.m. ET. Standard & Poor’s downgraded Tower Health’s credit rating by two notches, to “B” from “BB-,” citing the nonprofit health system’s …

https://www.inquirer.com/business/health/tower-health-credit-downgrade-sp-operating-losses-dcoh-20230208.html

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Tower Health gets another big credit rating downgrade …

(3 days ago) WebPublished Sep. 20, 2022, 12:15 p.m. ET. Fitch Ratings Tuesday slashed Tower Health’s credit rating to the “exceptionally rare” level of ‘CCC+,’ asserting “that Tower’s pathway to financial stability is much more …

https://www.inquirer.com/news/tower-health-fitch-downgrade-ccc-losses-cash-burn-20220920.html

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Fitch Downgrades Tower Health, PA's Long-Term Ratings to 'CCC'

(6 days ago) WebMEDIA CONTACTS. Sandro Scenga. New York. +1 212 908 0278. [email protected]. Fitch Ratings-Austin-19 September 2023: Fitch …

https://www.fitchratings.com/research/us-public-finance/fitch-downgrades-tower-health-pa-long-term-ratings-to-ccc-19-09-2023/dodd-frank-disclosure

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Tower Health's 'diminished financial flexibility' cited in bond rating

(Just Now) WebTower Health has received a credit rating downgrade for the second time in the past month. S&P Global Ratings lowered its rating on the Berks County health …

https://www.bizjournals.com/philadelphia/news/2023/10/17/tower-health-hospitals-bond-rating-downgrade-s-p.html

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Tower Health, hit by another credit downgrade, looks for a buyer

(3 days ago) WebTower Health has been hit with another bond downgrade as its losses continue. On Monday, Fitch Ratings Inc. downgraded the West Reading-based health …

https://www.readingeagle.com/2021/03/01/tower-health-hit-by-another-credit-downgrade-looks-for-a-buyer/

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Tower Health bond rating downgraded by S&P over 'significant …

(1 days ago) WebStandard & Poor's has lowered its Tower Health bond rating, saying the downgrade is due to the Berks County-based health system's "significant ongoing …

https://www.bizjournals.com/philadelphia/news/2023/02/08/tower-health-s-p-bond-rating-downgrade-reading-bb.html

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Tower Health gets another credit rating downgrade from Fitch, to …

(2 days ago) WebFitch Ratings downgraded Tower Health’s credit rating to “CCC,” one of the agency’s lowest ratings, citing its continued operating losses in the year that ended June 30, and

https://www.msn.com/en-us/money/realestate/tower-health-gets-another-credit-rating-downgrade-from-fitch-to-ccc/ar-AA1h1aQR

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5 health systems hit with credit downgrades - Becker's Hospital …

(4 days ago) WebThe following five health system credit rating downgrades occurred since July: 1. Tower Health (West Reading, Pa.) — lowered in September from "B+" to …

https://www.beckershospitalreview.com/finance/5-health-systems-hit-with-credit-downgrades.html

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Tower Health, reeling from losses, receives a three-notch credit

(1 days ago) WebTower Health on Monday received a massive three-notch credit downgrade from Fitch Ratings, which cited average monthly losses of $14 million and warned that …

https://www.inquirer.com/business/health/tower-health-downgrade-junk-bond-fitch-ratings-20210301.html

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Fitch Downgrades Tower Health, PA's Long-Term Ratings to 'CCC+'

(4 days ago) WebTue 20 Sep, 2022 - 9:18 AM ET. Fitch Ratings - Austin - 20 Sep 2022: Fitch Ratings has downgraded Tower Health System's, PA (Tower) Long-Term Issuer Default Rating …

https://www.fitchratings.com/research/us-public-finance/fitch-downgrades-tower-health-pa-long-term-ratings-to-ccc-20-09-2022

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Fitch Downgrades Tower Health Credit Rating by Three Levels

(1 days ago) WebFitch Ratings has knocked three levels off the Tower Health credit rating, landing it in a “CCC+” financial position. Harold Brubaker covered the downgrade in The …

https://montco.today/2022/09/fitch-drops-tower-health-rating/

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Tower Health suffers rating downgrade as it strives to recover

(8 days ago) WebFitch Ratings downgraded Tower Health’s credit rating this week, citing concerns about the Pennsylvania hospital system’s continued financial losses. Fitch …

https://www.chiefhealthcareexecutive.com/view/tower-health-suffers-rating-downgrade-as-it-strives-to-recover

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Tower Health (PA) Credit Ratings :: Fitch Ratings

(5 days ago) WebEquivalent to "lower" relative importance within Navigator. Irrelevant to the entity rating but relevant to the sector. * ESG Relevance is applicable for international …

https://www.fitchratings.com/entity/tower-health-pa-credit-summary-96247218

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S&P Global Ratings

(Just Now) Web"The downgrade reflects Tower Health's significant ongoing operating l 05-Oct-2023 04:33 HKT. Tower Health, PA Bond Rating Lowered To ‘CCC+’ From ‘B’ On Continued …

https://disclosure.spglobal.com/ratings/en/regulatory/instrument-details/sectorCode/PUBFIN/entityId/5938/issueId/1603125

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46 hospitals, health systems hit with ratings downgrades

(6 days ago) Web12. Tower Health (West Reading, Pa.): Tower Health was downgraded from "CCC+" to "CCC" amid ongoing financial losses, Fitch said Sept. 19. 13. Children's …

https://www.beckershospitalreview.com/finance/23-hospitals-health-systems-hit-with-ratings-downgrades-this-year.html

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Tower Health's audited financials show operating loss for FY2023 …

(7 days ago) WebTower Health's total revenue for fiscal 2023 dropped more than 13% to just under $1.86 billion from $2.16 billion the previous year. "The downgrade reflects …

https://www.bizjournals.com/philadelphia/news/2023/11/27/tower-health-berks-hospitals-loss-fiscal-2023.html

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Tower Health, PA Credit Rating - Moody's

(5 days ago) WebTower Health, PA: Update following downgrade to Baa2. Moody's Investors Service 17 Oct 2019 Rating Action Moody's downgrades Tower Health, PA to Baa2; outlook …

https://www.moodys.com/credit-ratings/Tower-Health-PA-credit-rating-600034438?cy=emea

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Banks get a downgrade from Moody's. Here are the 10 lenders …

(8 days ago) WebMoody's cuts credit ratings for 10 U.S. banks 05:07. Moody's is downgrading the credit ratings of 10 small- to mid-sized banks, citing growing financial risks and …

https://www.cbsnews.com/news/moodys-downgrades-banks-list-of-downgraded-banks/

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Fitch Downgrades Tower Health's (PA) Outstanding Bonds

(1 days ago) WebFri 30 Oct, 2020 - 2:31 PM ET. Fitch Ratings - Austin - 30 Oct 2020: Fitch Ratings has downgraded its long-term rating two notches on Tower Health System, PA (Tower) to …

https://www.fitchratings.com/research/us-public-finance/fitch-downgrades-tower-health-pa-outstanding-bonds-to-bb-outlook-revised-to-negative-30-10-2020

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Penn Highlands Healthcare facing possible multiple notch credit

(Just Now) WebApr 27, 2024. 12:47 PM. The owner of two Pittsburgh-area hospitals is facing a credit downgrade as stiff financial headwinds continue to roil the health care industry, …

https://www.post-gazette.com/business/healthcare-business/2024/04/26/sp-global-ratings-penn-highlands-healthcare-credit-downgrade/stories/202404260059

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North Bergen (Township of) NJ Credit Rating - Moody's

(6 days ago) WebFor credit ratings that are derived exclusively from an existing credit rating of a program, series, category/class of debt, support provider or primary rated entity, or that replace a …

https://www.moodys.com/credit-ratings/North-Bergen-Township-of-NJ-credit-rating-600028759?cy=can

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Moody's gives Duly Health credit rating downgrade Crain's …

(2 days ago) WebAt the time of the 2017 deal, Moody’s gave Duly a B2 rating — its first-ever rating — but later downgraded it to B3 in July 2023. In the most recent report, Moody’s …

https://www.chicagobusiness.com/health-care/moodys-gives-duly-health-credit-rating-downgrade

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Tower Health (PA) Credit Ratings :: Fitch Ratings

(Just Now) WebTower Health (PA) Entity featured on Fitch Ratings. Credit Ratings, Research and Analysis for the global capital markets. People; Product; Insights; Search . …

https://www.fitchratings.com/entity/tower-health-pa-96862037

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Fitch Rates $263MM New Jersey EFA Bonds 'A'; Affirms IDR at 'A+

(9 days ago) WebMon 11 Sep, 2023 - 9:02 AM ET. Fitch Ratings - New York - 11 Sep 2023: Fitch Ratings has assigned an 'A' rating to $262,765,000 State of New Jersey Educational Facilities …

https://www.fitchratings.com/research/us-public-finance/fitch-rates-263mm-new-jersey-efa-bonds-a-affirms-idr-at-a-outlook-stable-11-09-2023

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