Moody’s Investors Service placed the Baa1 rating of UMass Memorial Health Care on review for downgrade, affecting $299 million in rated debt outstanding.

Moody’s cited “further deterioration in operating performance” during fiscal 2013, an extremely thin operating cash flow, a decline in liquidity partly due to delayed receipt of supplemental Medicaid funding for fiscal 2013, and ongoing negative pressure on patient volumes.

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.