S&P downgrades Steward Health

Standard & Poor's said it lowered Steward Health Care System LLC to B- from B.

The outlook is stable.

S&P also lowered the company's debt rating by one notch in conjunction with the downgrade. The agency also said it removed the ratings from CreditWatch, where it was placed with negative implications in November.

The downgrades reflect the company's highly leveraged financial risk profile, S&P said.

The company's management and governance score also remains weak and its liquidity is less than adequate, the agency said.

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