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Fitch Downgrades Tower Health, PA's Long-Term Ratings to 'CCC'

(4 days ago) WEBTower Health's unrestricted liquidity position also continues to weaken, falling to just $208.1 million, which results in a precipitously weak cash-to-total debt ratio …

https://www.fitchratings.com/research/us-public-finance/fitch-downgrades-tower-health-pa-long-term-ratings-to-ccc-19-09-2023

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Fitch Downgrades Tower Health, PA's Long-Term Ratings to 'CCC'

(6 days ago) WEBMEDIA CONTACTS. Sandro Scenga. New York. +1 212 908 0278. [email protected]. Fitch Ratings-Austin-19 September 2023: Fitch …

https://www.fitchratings.com/research/us-public-finance/fitch-downgrades-tower-health-pa-long-term-ratings-to-ccc-19-09-2023/dodd-frank-disclosure

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Tower Health (PA) Credit Ratings :: Fitch Ratings

(Just Now) WEBTower Health (PA) Entity featured on Fitch Ratings. Credit Ratings, Research and Analysis for the global capital markets. Rated Entity / Debt . Ratings . …

https://www.fitchratings.com/entity/tower-health-pa-96862037

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Tower Health gets another credit rating downgrade from Fitch, to …

(8 days ago) WEBFitch Ratings downgraded Tower Health’s credit rating to “CCC,” one of the agency’s lowest ratings, citing its continued operating losses in the year that ended June …

https://www.inquirer.com/health/tower-health-credit-downgrade-ccc-fitch-ratings-cash-20230920.html

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Fitch Downgrades Tower Health, PA's Long-Term Ratings to …

(5 days ago) WEBFitch Ratings - Austin - 20 Sep 2022: Fitch Ratings has downgraded Tower Health System's, PA (Tower) Long-Term Issuer Default Rating (IDR) to 'CCC+' from 'B+'. Fitch …

https://emma.msrb.org/P21613246-P21243165-P21667316.pdf

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Tower Health gets another big credit rating downgrade …

(3 days ago) WEBTower, a nonprofit health system based in West Reading, Berks County, has recorded operating losses of $854 million over the last three years, according to Fitch, after a rapid, money-losing expansion …

https://www.inquirer.com/news/tower-health-fitch-downgrade-ccc-losses-cash-burn-20220920.html

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Tower Health, reeling from losses, receives a three-notch credit

(1 days ago) WEBPublished Mar. 1, 2021, 6:19 p.m. ET. Tower Health on Monday received a massive three-notch credit downgrade from Fitch Ratings, which cited average monthly losses of $14 …

https://www.inquirer.com/business/health/tower-health-downgrade-junk-bond-fitch-ratings-20210301.html

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Tower Health's 'diminished financial flexibility' cited in bond rating

(Just Now) WEBTower Health's debt obligations dropped slightly from $1.28 billion at the start of fiscal 2023 to just under $1.27 billion as of June 30. In a statement provided to …

https://www.bizjournals.com/philadelphia/news/2023/10/17/tower-health-hospitals-bond-rating-downgrade-s-p.html

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Fitch Downgrades Tower Health Credit Rating by Three Levels

(1 days ago) WEBFitch Ratings has knocked three levels off the Tower Health credit rating, landing it in a “CCC+” financial position. Harold Brubaker covered the downgrade in The …

https://montco.today/2022/09/fitch-drops-tower-health-rating/

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Tower Health's days cash on hand dropped again, as finances …

(3 days ago) WEBTower Health’s finances took another turn for the worse in the nine months through March, as the not-for-profit health system continued losing money and burning …

https://www.inquirer.com/news/tower-health-financial-results-cash-reserves-down-20230526.html

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DISTRESSED DAILY: Tower Health’s Cash Bleed Worsens Debt Ratios

(6 days ago) WEBKevin Simauchi. Tower Health is losing so much money that its cash-to-debt ratio -- a key measure of the company’s financial stability -- has fallen below 20%. …

https://news.bloomberglaw.com/bankruptcy-law/distressed-daily-tower-healths-cash-bleed-worsens-debt-ratios

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Tower Health gets a slight boost from Fitch Ratings - Inquirer.com

(6 days ago) WEBFitch Ratings on Thursday said Tower Health’s prospects had improved slightly now that management of the Berks County nonprofit had started taking steps to …

https://www.inquirer.com/business/health/tower-health-outlook-stable-fitch-ratings-20211022.html

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Tower Health hit with another bond downgrade - Yahoo News

(7 days ago) WEBMar. 2—Tower Health has been hit with another bond downgrade as its losses continue. On Monday, Fitch Ratings Inc. downgraded the West Reading-based health system to …

https://news.yahoo.com/tower-health-hit-another-bond-115800761.html

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Fitch downgrades Pennsylvania's Tower Health Bond Buyer

(4 days ago) WEBSeptember 21, 2023, 12:42 p.m. EDT 2 Min Read. Fitch Ratings downgraded Pennsylvania's Tower Health Systems after the non-profit regional healthcare system …

https://www.bondbuyer.com/news/fitch-downgrades-pennsylvanias-tower-health

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Tower Health writes off $370 million in losses but finances improving

(5 days ago) WEBOct. 28—Tower Health posted a $370 million loss in the value of the hospitals, urgent cares and other assets that it bought in scaling up from a single hospital in Berks County …

https://news.yahoo.com/tower-health-writes-off-370-044800019.html

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Tower Health’s Continuing Financial Struggle - DPC DATA

(8 days ago) WEBTo add insult to injury, on September 20, Fitch Ratings downgraded Tower Health from “B+” to “CCC+”, only a stone’s throw from the dreaded “D” rating. A Dismal Financial …

https://www.dpcdata.com/resources/municredit-insights-tower-healths-continuing-financial-struggle/

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Tower Health's rapid expansion sends its finances into a tailspin

(5 days ago) WEBTower, which was known as Reading Health System prior to the 2017 transaction, had $1.3 billion of long-term debt outstanding on June 30, 2020, according …

https://www.bondbuyer.com/news/tower-healths-rapid-expansion-sends-its-finances-into-a-tailspin

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Tower Health suffers rating downgrade as it strives to recover

(8 days ago) WEBTower continues to suffer from a “precipitously weak” cash-to-total debt ratio of 13.4%, Fitch says, estimating that the system has 39 days cash on hand. For …

https://www.chiefhealthcareexecutive.com/view/tower-health-suffers-rating-downgrade-as-it-strives-to-recover

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Fitch Downgrades Frederick Health, MD's IDR and Rev - Fitch …

(9 days ago) WEBFitch Ratings - New York - 09 May 2024: Fitch Ratings has downgraded Frederick Health Hospital, Inc.'s, MD (FH) Issuer Default Rating (IDR) rating to 'BBB+' …

https://www.fitchratings.com/research/us-public-finance/fitch-downgrades-frederick-health-md-idr-rev-bonds-to-bbb-outlook-stable-09-05-2024

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