CHICAGO - A pair of struggling Midwestern hospitals lost their investment-grade ratings from Standard & Poor's last week. Both are suffering from extremely low liquidity - an increasing concern for rating analysts - and recent operational losses.

Standard & Poor's cut its rating to BB-plus from BBB on Wyoming, Mich.-based Metropolitan Health Corp., located outside Grand Rapids. The agency also warned of further action, assigning a negative outlook.

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.