Standard & Poor's Ratings Services said it raised its long-term rating on New Hampshire Health & Education Facilities Authority's series 2012 and 2006 revenue bonds, issued for Catholic Medical Center (CMC) to A-minus from BBB-plus.
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The outlook is stable.
"The raised rating reflects our view of CMC's good operating performance for the past three fiscal years, ended June 30, 2014," said Standard & Poor's credit analyst Jennifer Soule. "In addition, the rating reflects CMC's strong enterprise profile, with stable market share and growing inpatient volume, along with its strong balance sheet metrics which are commensurate with the higher rating."
