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Palomar Health gets low debt rating and warning
Heavy debt load cited by Fitch
Palomar Medical Center, Escondido
Fitch Ratings has affirmed the BB+ rating on Palomar Health's outstanding debt and revised the rating outlook to negative from stable.
Only two years ago the healthcare operator, formerly known as Palomar Pomerado Health System, had a AA rating that was dropped to A-. Fitch says Palomar Health's financial performance has declined greatly due to problems with transition to a new facility in North County from downtown Escondido.
Fitch believes the North County market is a good one and Palomar can benefit from population growth along the I-15 corridor but says the debt burden is too high.
Here's something you might be interested in.
Palomar Health gets low debt rating and warning
Heavy debt load cited by Fitch
Palomar Health gets low debt rating and warning
Heavy debt load cited by Fitch
Palomar Medical Center, Escondido
Fitch Ratings has affirmed the BB+ rating on Palomar Health's outstanding debt and revised the rating outlook to negative from stable.
Only two years ago the healthcare operator, formerly known as Palomar Pomerado Health System, had a AA rating that was dropped to A-. Fitch says Palomar Health's financial performance has declined greatly due to problems with transition to a new facility in North County from downtown Escondido.
Fitch believes the North County market is a good one and Palomar can benefit from population growth along the I-15 corridor but says the debt burden is too high.
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