Fitch Ratings downgraded to A-plus from AA its rating on Reid Hospital & Healthcare Services Inc., affecting $188 million of debt. The outlook remains negative at the lower rating.

Reid is located in the city of Richmond, and holds an 83% market share in Wayne County, where it is the only hospital. The 232-bed facility had fiscal 2009 operating revenues of $282.5 million, Fitch said.

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.