Moody's revises Texas Health Resources' outlook to positive

Moody's Investors Service has revised its outlook to positive from stable on Texas Health Resources in Arlington.

The outlook change is based on the expectation that THR will continue to generate strong cash flow to maintain good debt coverage measures, support capital spending plans and maintain or grow its liquidity.

THR has an "Aa3" rating, which reflects its position as a regional health system with a leading market share. THR's cash flow margins remain strong, and liquidity grew 24 percent in 2013 over 2012.

More articles on hospital credit ratings:

Moody's downgrades St. Luke's revenue bonds to 'A3', outlook stable 
Fitch affirms Cottage Health System's 'AA-' rating
Moody's assigns Mount Sinai Medical Center 'Baa1' rating, outlook stable 

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