S&P Global Ratings upgraded the rating to "A+" from "BBB+" on New London, Conn.-based Lawrence + Memorial Hospital's bonds.
The upgrade is a result of LMH's recent affiliation with Yale New Haven (Conn.) Health System. S&P acknowledges Yale New Haven Health System's stable financial performance with consistent operating margins and healthy balance sheet metrics combined with the health system's strong enterprise profile.
The outlook is stable, reflecting YNHHS' ability to quickly integrate LMH into its system which has a strong enterprise profile and healthy finances.