CHICAGO -- Analysts at Moody's Investors Service see no quick rebound for faltering health care debt as downgraded hospital ratings dramatically outpaced upgrades for the second quarter in a row this year.

Moody's downgraded 11 tax-exempt hospital revenue bond ratings in the third quarter of 1994, but the agency upgraded only three such bond ratings in the same period. A total of $667.4 million of debt received lower ratings and $258.8 million of debt got higher marks.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.