Moody’s Investors Service has revised its outlook to positive from stable on Minnesota’s HealthPartners Inc.’s A3 rating in recognition of its improved operating performance.
The action affects $280 million of outstanding debt sold through the St. Paul Housing and Redevelopment Authority and Minneapolis.
The system has seen improved operations for fiscal 2010 and through the first eight months of fiscal 2011. The credit benefits from strong debt-service coverage ratios with operating revenues providing 10 times coverage.
