Moody’s sees deteriorating credit risk among leveraged health care companies

Amid a weakening macroeconomic environment and ongoing pressure by private and public payers to reduce health care costs, a growing number of health care companies are faced with credit rating downgrades and potential defaults, Fierce Healthcare reports. According to Moody's Investors Service, among 193 rated North American-based health care companies, 18%, were rated B3 negative or lower as of Nov. 30, up from 4% as of Dec. 31, 2015.