Moody’s Report Finds Risk Rising in the Healthcare Industry

A new report from Moody’s Investors Service finds that healthcare companies are facing increasing financial and social risk. The report, which looked at 193 healthcare companies in North America, shows that the number of companies rated B3 negative or lower has jumped from 9 in 2015 to 34 today, a number indicative of broader trends.

According to Heather Landi, “Credit stress is rising in healthcare, which has long been considered a defensive sector for credit investors. The ratings of 24 North American healthcare companies have been downgraded to B3 negative or lower, representing a “material deterioration” in the sector’s credit quality, write Moody’s analysts.”

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(Source: Fierce Healthcare, December 12^th, 2022)