Standard & Poor’s revised its outlook to stable from negative and affirmed its BB-minus rating on the Rhode Island Health and Educational Building Corp.’s remaining $12.7 million series 1998 revenue bonds, issued for Roger Williams Medical Center.
The medical center operates an acute-care hospital with 220 licensed beds in Providence.
In June 2010, Standard & Poor’s lowered the rating on Roger Williams’ bonds to BB-minus from BB and assigned a negative outlook.