Moody’s changes Quorum Health view to negative

Moody’s Investors Service said it revised its outlook for Quorum Health Corp. to negative from stable, citing the high execution risk with the company’s plans and refinancing risk if the efforts don’t take hold in the next six to nine months.

Quorum is planning divestiture and to augment its revenue cycle management.

Moody’s affirmed the company’s ratings, including the B3 corporate family rating and B3-PD probability of default rating. Moody’s also affirmed the B1 ratings on Quorum’s senior secured revolving credit facility and term loan, and the Caa2 rating on its unsecured notes.

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