Moody’s Investors Service lowered its ratings on...
Moody’s Investors Service lowered its ratings on $1.45 billion worth of American Medical International’s senior unsecured notes, claiming that the Beverly Hills hospital chain will have to “struggle to maintain profitability” in 1988. Moody’s said declining Medicare reimbursement, increased price competition and widespread hospital vacancies will “depress (AMI) profits for the next several years.” The company declined to comment.
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