Moody's Investors Service has upgraded the rating to "A3" from "Baa1" on Tyler, Texas-based Mother Frances Hospital Regional Health Care Center's bonds, affecting approximately $140 million of rated debt.
The upgrade is based on a number of factors, including the system's two years of improved financial performance and its recent affiliation with Irving, Texas-based CHRISTUS Health.
The outlook is positive, reflecting Moody's Investors Service's expectation that the system will maintain and improve its financial performance.