CHICAGO — Standard & Poor’s revised its outlook to negative from stable on a small Michigan hospital that is facing the possibility of accelerated debt-service payments on its debt, all of which has been either privately placed with a bank or is in the form a bank loan.

Oaklawn Hospital, a 94-bed facility located in the town of Marshall near Kalamazoo, is already rated BBB-minus by Standard & Poor’s, the lowest investment-grade level.

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.