Fitch Ratings on Monday downgraded the operator of Boca Raton Community Hospital — BRCH Corp. — to BBB-plus from A-minus and placed the credit on negative watch.

The downgrade followed BRCH’s $41.6 million reported operating loss in its fiscal year 2007 audit, said a report by Fitch analyst Jim Mitchell. The rating action affects approximately $128 million of outstanding debt.

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