Standard & Poor’s downgraded Lake Region Healthcare Corp. to BBB from A-minus due to its balance sheet struggles.

The Fergus Falls Housing and Redevelopment Authority issues debt for Lake Region. The two-notch downgrade comes ahead of the hospital’s sale of $11.4 million of fixed-rate revenue bonds and affects outstanding debt from a 2002 issue. The outlook is stable.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.