Standard & Poor's Ratings Services has revised its outlook to positive from stable on bonds issued on behalf of Louisville, Ky.-based Norton Healthcare by the Louisville & Jefferson County Metropolitan Government.
S&P also affirmed its "A-" long-term rating and underlying rating on the bonds.
"In our view, Norton has significantly improved its operations over the past one to two years," said S&P credit analyst Kevin Holloran. "In addition, Norton continues to improve its strong business position as the leading healthcare provider in the Louisville market."
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