S&P has revised the outlook to positive from stable and affirmed the "A+" long-term rating, "A+" underlying rating and "A+/A-1" dual rating on Houston-based Memorial Hermann Healthcare System's fixed rate and variable rate bonds, affecting approximately $1.3 billion.
"The outlook revision reflects our anticipation that Memorial Hermann's financial performance will remain consistent given the system's excellent market position, geographic reach and solid management team that has consistently met or exceeded budgeted projections," said S&P credit analyst Kevin Holloran.
More hospital outlook and credit rating actions:
Moody's affirms Lancaster General Hospital's 'Aa3' rating
10 recent hospital outlook and credit rating actions
Moody's revises Memorial Hermann Health System's outlook to positive