S&P has raised its underlying rating to "AA-" from "A+" on series 2009 and 2010 insured fixed rate hospital revenue bonds issued on behalf of Arkansas Children's Hospital in Little Rock.
"The rating action reflects our view of ACH's strong enterprise profile and very strong financial profile," said Karl Propst, an S&P analyst. "These profiles in turn reflect our view of the hospital's solid business position as Arkansas' only stand-alone tertiary and quaternary provider of pediatric health services coupled with good patient volumes, healthy operating results, solid debt service coverage, modest leverage and sound liquidity."
The hospital's outlook is stable.
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