S&P Global Ratings raised the underlying rating to "A-" from "BBB+" on Laurinburg, N.C.-based Scotland Memorial Hospital's $6.5 million of series 1999 insured healthcare facility revenue bonds.
"The rating action reflects our view of Scotland's track record of healthy operating performance and solid balance sheet metrics," said S&P analyst James Neville.
The outlook is stable, reflecting S&P Global Rating's favorable view of the hospital's growing revenue base, stable operating performance and leading market share position.