Butler Health System is seeing another downgrade in their bond rating.
Fitch Ratings lowered the hospital’s bonds to junk status, giving it a negative outlook and calling it a risky investment.
The ratings moved from BBB- to BB+ citing “ongoing operating pressures.”
As we reported earlier, Butler Health System is seeking a forbearance agreement that would provide an extension and deferral until January 2027. Without the deferral, approximately $45 million would be due and payable next spring.
Butler Health System is now apart of Independence Health System, however still records its finances separately.
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