New York Hospital’s Bonds Slashed to Junk After Cyberattack: Report

An upstate New York hospital had its credit rating cut to junk by S&P Global Ratings after it was hit by a cyber attack, a rare downgrade tied to the risks posed by rising online crime, Bloomberg reports.

S&P dropped the rating on municipal bonds issued for Samaritan Medical Center in Watertown, New York, by two notches to BB, two steps below investment grade. Read more.

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