Moody's Investors Service said it has upgraded to A2 from A3 the long term bond rating assigned to St. Peter's Hospital's outstanding bonds issued through the Montana Facility Finance Authority.

The outlook is revised to stable from positive at the higher rating level.

The rating upgrade is based on a history of consistently strong operating performance and strong balance measures with steady growth in unrestricted liquidity and a low and manageable debt load. Operating performance through ten months of FY 2013 is on track for improved and strong operating profitability and cash flow generation attributed to good volume and revenue growth.

The stable outlook reflects St. Peter's strong market position in a stable and favorable service area, which should allow it to continue to produce good operating cash flow and maintain solid liquidity and debt coverage measures.

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