Standard & Poor’s has raised the rating on the West Plains Industrial Development Authority’s revenue bonds issued for the Ozarks Medical Center to BB-minus, three notches below investment grade, from B-plus.
OMC is a 114-bed sole community provider in West Plains.
“Overall operational liquidity has improved, resulting in sound maximum annual debt service coverage,” said analyst Shari Sikes. “We would consider raising the rating further if OMC demonstrates sustainable and consistently positive operations in addition to increasing volumes during the two-year outlook period.”
