Standard & Poor's Ratings Services has raised the rating to "AA" from "AA-" on Hollywood, Fla.-based Memorial Healthcare System's series 2015 healthcare revenue bonds.
The upgrade is based on several factors, including Memorial Healthcare System's strong operating performance.
The outlook is stable, reflecting S&P's expectation that the system will keep generating strong cash flow margins and maintain its solid enterprise profile.
S&P has also raised its long-term rating to "AA" from "AA-" on Memorial Healthcare System's series 2006, 2007, 2008 and 2009 bonds.