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Fitch: Nonprofit Health Care Sector Could See Decline in 2009.(Investors and Investing)
Publication: The Bond Buyer Publication Date: 26-SEP-08 |
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COPYRIGHT 2008 SourceMedia, Inc.
Byline: Caitlin Devitt
CHICAGO - Despite remaining largely insulated from the turmoil in the capital markets so far, the years-long strong operating performance across the nonprofit health care sector could be headed for a decline in 2009, particularly among smaller, lower-rated credits, Fitch Ratings analysts said in a report on median ratios on the industry released yesterday.
The industry turned in a stable performance in 2007, though the overall picture is mixed, with a host of negative fiscal pressures such as bad debt and increasing competition waiting in the wings.
As a result, Fitch predicted downgrades would outpace upgrades...
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