Moody’s cuts Mount Sinai Hospital credit rating near ‘junk’

Moody’s cuts Mount Sinai Hospital credit rating near ‘junk’

A major debt-rating agency dropped Mount Sinai Hospital’s credit rating close to “junk” status on Wednesday, citing troubles at the New York healthcare giant’s Beth Israel hospital system. Moody’s Investor Service cut its Mount Sinai rating from Baa1 to Baa3 – the lowest investment-grade level that’s still above so-called “junk” status that signals major risk … Read more