Standard & Poor’s stripped Regina Medical Center of its investment-grade rating, downgrading the credit to BB-plus from BBB-minus due to an overall weakening in the hospital’s financial profile.

The rating agency also warned that another drop is a distinct possibility come, assigning a negative outlook to the credit. The action impacts nearly $13 million of bonds sold in 1998 through Hastings, Minn.

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.