S&P Global Ratings raised the long-term rating to "AA-" from "A+" on Indiana Finance Authority's series 2001A, 2001B, 2001C, 2009A, 2009B, 2009D and 2012 bonds issued on behalf of Fort Wayne, Ind.-based Parkview Health System Obligated Group.
Additionally, S&P raised the long-term rating on the finance authority's series 2009B and 2009D bonds to "AAA" from "AA+," and affirmed the "AA+/A-1" rating on its series 2009C bonds.
"The rating action reflects our view of Parkview's strategic direction, which sustains the leading market position that has grown over the years," said S&P Global Ratings credit analyst Brian Williamson.
The outlook is stable, reflecting S&P's expectation that Parkview will invest capital and remain a leader in the industry.