Moody’s downgrade outlook for UPMC bonds – Pittsburgh Business Times

Moody’s Investors Service affirmed its Aa3 rating for $130 million of revenue bonds to be issued by UPMC Oct. 1, but downgraded the rating outlook to negative from stable.

The rating outlook change was attributed to an “unusually acrimonious environment” involving Highmark’s payments to UPMC for chemotherapy and other care. A state Supreme Court hearing on the matter is scheduled Oct. 6…….

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