S&P assigns 'BBB+' rating to University Health System's bonds

S&P Global Ratings has assigned a "BBB+" rating to Knoxville, Tenn.-based University Health System's series 2016 and series 2017 bonds.

"The rating continues to reflect our opinion of UHS' growing business position as the area's only academic medical center and leading trauma provider in a competitive market, fairly stable balance sheet during the past two fiscal years and relatively young average age of plant," said S&P analyst Brian Williamson.

S&P also affirmed the "BBB+" rating on UHS' series 2007 revenue bonds.

The outlook is stable, reflecting S&P's view of UHS' solid business position, fair debt service coverage and satisfactory liquidity.

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