S&P Global Ratings has raised the long-term and underlying rating on Norman (Okla.) Regional Health System's debt to "BBB+" from "BBB."
"The upgrade reflects expected benefits from this issuance, which should lower [outstanding] debt, debt service and interest rate expense, and eliminate all contingent debt," said S&P analyst Margaret McNamara.
The outlook is stable, reflecting Norman's solid market position, record of improved earnings and solid balance sheet for the new rating.