Standard & Poor’s has revised its outlook on Chicago-based Swedish Covenant Hospital’s BBB-plus issuer credit rating to stable from positive due to operating losses last year.

The credit is supported by adequate liquidity, improved operating performance through the interim 2009, and the maintenance of a solid market share in the competitive Chicago market. The outlook change was attributed tooperating losses that have hurt liquidity levels, weaker investment income, negative coverage of maximum annual debt service, and projected soft volume for fiscal 2009.

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