Standard & Poor's Ratings Services said it revised its rating outlook to positive from stable on the California Statewide Communities Development Authority's certificates of participation issued for Citrus Valley Health Partners.
Standard & Poor's also affirmed its BB-plus underlying rating on the COPs.
"The positive outlook reflects our view of CVHP's improved liquidity and financial flexibility stemming from the California Provider Fee Program and operational improvements, the organization's extended seismic compliance date, and the much lower-than-anticipated capital spending needs to achieve seismic compliance," said Standard & Poor's credit analyst Kenneth Gacka.
At Sept. 30, 2012, CVHP had $68.2 million of long-term debt.
