Moody’s Investors Service last week revised its outlook on $2.74 billion of Aa3-rated University of Pittsburgh Medical Center debt to positive from stable.

The UPMC system has a strong clinical reputation and is Western Pennsylvania’s leading health care provider, drawing patients from the greater Pittsburgh area and across the U.S. Revenue grew 4.3% in fiscal 2010 and 3.6% for the first six months of fiscal 2011, and UPMC has a history of tackling operating challenges.

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