Fitch Ratings has upgraded to "BBB" from "BBB-" and simultaneously withdrawn the rating on Norman (Okla.) Regional Hospital Authority's following bonds:
- $80 million of series 2007 bonds
- $67 million of series 2005 bonds
- $12 million of series 1996B bonds
The rating upgrade is based on a number of factors, including Norman's improved operating profitability, strengthened liquidity and moderating debt burden.
Last year, Fitch revised Norman's outlook to positive from stable.