Moody's Investors Service said it has placed the Baa3 rating assigned to Saint Peter's University Hospital, N.J., on review for downgrade, affecting $165.7 million in rated debt outstanding.

This action follows St. Peter's release of unaudited six months financial statements ending June 30, 2012 showing a loss from operations of $4.2 million and operating cash flow of $9.8 million (calculations exclude investment income of $2.4 million).

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.