Standard & Poor's Ratings Services said it raised its underlying rating to AA-minus from A-plus on North Texas Health Facilities Development Corp.'s $91.4 million series 2007 bonds, issued for United Regional Health Care System (URHCS).
The outlook is stable.
"The raised rating reflects our view URHCS' consistently robust operating performance and debt service coverage; modest leverage; and sound market position, strategy, and overall leadership," said Standard & Poor's credit analyst Karl Propst.
