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The Boston Globe

Business

Ratings agency changes Steward’s credit outlook

Moody’s Investors Service said Thursday that it has changed its credit rating outlook for Boston-based Steward Health Care System LLC from positive to stable, warning that a “challenging operating environment” could slow the company’s financial progress.

At the same time, Moody’s affirmed Steward’s actual credit rating of B3, which a spokesman for the rating firm called “speculative grade” subject to high credit risk. If the rating were to be downgraded in the future, it would make it harder for the company to borrow money.

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