Standard & Poor’s has revised its outlook on Rush University Medical Center Obligated Group’s underlying A-minus rating to positive in recognition of its operating performance and a reduction in construction risks as it nears completion on a new patient tower.

The rating action affects $411.6 million of 2009 bonds issued through the Illinois Finance Authority, $50 million of 2008 bonds and $97 million of 2006 bonds. Rush also has top-rated outstanding variable-rate bonds rated based on joint support from Rush and a letter of credit from Northern Trust Co.

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