Standard & Poor's Ratings Services said it raised its long-term rating to AA-minus from A-plus on the Illinois Finance Authority's series 2009 and 2014A hospital revenue bonds issued on behalf of Memorial Health System.
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The outlook is stable.
"The rating action reflects the application of our U.S. not-for-profit acute care stand-alone hospital criteria published Dec. 15, 2014 on RatingsDirect as well as our assessment of Memorial's enterprise and financial profiles as very strong," said Standard & Poor's credit analyst Brian Williamson.
The stable outlook reflects the view that Memorial will be able to maintain its excellent financial and enterprise profiles during the outlook period.
