LOS ANGELES –  Nonprofit West Coast hospital chain Dignity Health received downgrades from Fitch Ratings and Moody’s Investors Service ahead of plans to price up to $500 million in taxable bonds Thursday.

The system, with 39 hospitals in  California, Arizona, and Nevada, has experienced three years of poor core performance posting operating losses of $95.6 million in fiscal 2012 and $159 million in fiscal 2011, according to Moody’s report.

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