Fitch Ratings has revised Hackensack (N.J.) University Medical Center's outlook to positive from stable and upgraded the rating to "A" from "A-" on the following bonds:
- $221.2 million of series 2008 bonds
- $68.3 million of series 2010A bonds
- $100.3 million of series 2010B bonds
- $52.8 million of series 1997 bonds
The outlook revision and rating upgrade are based on several factors, including Hackensack's steady profitability, solid market position and the anticipated benefits from the merger between Hackensack's parent, Hackensack (N.J.) University Health Network, and Neptune, N.J.-based Meridian Health.