S&P raises Covenant HealthCare System's rating to 'A+'

S&P Global Ratings raised the rating to "A+" from "A" on Saginaw, Mich.-based Covenant HealthCare System's series 2010H bonds.

"The rating action reflects our view of Covenant's sustained financial improvement coupled with stable balance sheet measures," said S&P analyst Brian Williamson.

The outlook is stable, reflecting S&P's view of Covenant's strong balance sheet, dominant market share and solid operating results.

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