Fairview Health Services got hit with a downgrade from Moody’s Investors Service and a warning of further negative action due to fiscal 2011 operating losses and potential fallout from the state attorney general’s probe into its bill collection practices.

Moody’s lowered the rating to A3 from A2 and assigned a negative outlook on $836 million of debt. The system suffered a significant downturn in its financial performance in fiscal 2011.

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