S&P raises Cape Cod Healthcare's bond rating

S&P has raised its long-term rating and underlying rating on bonds issued on behalf of Hyannis, Mass.-based Cape Cod Healthcare to "A" from "A-."

The rating upgrade was based on a number of factors. "We assessed Cape Cod Healthcare's enterprise profile as strong characterized by its dominant market share in a large primary service area, and its financial profile as strong, with consistently healthy financial operating performance in recent years and relatively light debt," said Jennifer Soule, an S&P credit analyst.

Cape Cod Healthcare's outlook is stable, which reflects the system's solid enterprise profile and a financial profile that is in-line with S&P's expectations for the rating.

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