Standard & Poor’s has revised its outlook to stable from negative on the BBB-plus rated CGH Medical Center, citing improved operating performance. The debt was sold through the former Illinois Educational Facilities Authority.

“The outlook revision reflects our view of CGH’s improved operating performance in fiscals 2009 and 2010 and its strong business position,” said analyst Antionette Maxwell. “Maintenance of the current rating level will largely depend on improved operating margins and incremental growth in cash reserves.”

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