Standard & Poor's Ratings Services said it raised its underlying rating to AA-minus from A-plus on Pulaski County, Ark.'s series 2009 and 2010 insured fixed-rate hospital revenue bonds issued for Arkansas Children's Hospital (ACH).
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The outlook is stable.
"The rating action reflects our view of ACH's strong enterprise profile and very strong financial profile," said Standard & Poor's credit analyst Karl Propst. "These profiles in turn reflect our view of the hospital's solid business position as Arkansas' only stand-alone tertiary and quaternary provider of pediatric health services coupled with good patient volumes, healthy operating results, solid debt service coverage, modest leverage, and sound liquidity."
