S&P Global Ratings raised the rating to "A+" from "A-" on East Stroudsburg, Pa.-based Pocono Medical Center's hospital revenue bonds issued by Monroe County Hospital Authority.
The upgrade reflects Pocono Medical Center's affiliation with "A+" rated Allentown, Pa.-based Lehigh Valley Health Network, which has a good market position, strong leadership and financial profile that aligns with expectations, according to S&P.
The outlook is stable, reflecting S&P's expectation that LVHN's leading market position will remain, especially with recent improvements in the network's finances.