Standard & Poor's Ratings Services revised the outlook to positive from stable on its 'A' long-term rating and underlying rating (SPUR) on Missouri Health and Educational Facilities Authority's series 2001 and 2006 revenue bonds, issued on behalf of St. Luke's Episcopal-Presbyterian Hospitals, Mo. The positive outlook reflects our opinion of the overall improvement of St. Luke's operating performance and balance sheet over the last several years. More specifically, the rating and positive outlook reflect our view of St. Luke's: Continued solid business position in its primary service area of western St. Louis County, Mo., Solid revenue growth and good operating results, with improved operating margins for the last three years; Robust cash flow and sound coverage of maximum annual debt...
Companies mentioned in this report are:
- St. Luke's Episcopal-Presbyterian Hosp
- Missouri Hlth & Educl Facs Auth
- SSM Hlth Care Sys
Action: Outlook: Stable
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