CHICAGO – Moody’s Investors Service revised its outlook on Illinois-based Presence Health’s issuer credit rating of Baa1 to negative from stable following the consolidation of Provena Health and Resurrection Health Care’s obligations into the new system.

The action impacts a total of $557 million of debt. The debt obligations of Provena and Resurrection Health Care May were consolidated in May and are now secured by Presence Health under an amended and restated master trust indenture. The two systems merged in November 2011.

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.