Moody's: Nonprofit Healthcare Downgrades Continue to Outpace Upgrades

Feb. 17, 2010, HealthLeaders Media — As yet another indication that 2009 was a horrible year for nearly all aspects of the economy, Moody's Investors Service reported today that the year featured "high downgrade activity" in the not-for-profit healthcare sector.

In fact, Moody's reported 54 downgrades compared to 21 upgrades in 2009, which contrasts to 53 downgrades and 27 upgrades the previous year. In other words, the downgrade-to-upgrade ratio increased from a 2 to 1 ratio in 2008 to a 2.6 to 1 ratio in 2009, said Moody's.