S&P revises Baylor College of Medicine's rating to 'A'

Standard & Poor's Ratings Services has raised its ratings on Houston-based Baylor College of Medicine's parity debt to "A" from "A-."

"The higher rating reflects the college's improved financial resources, which are now in line with those of its peers at a higher rating, and our expectation that the school will continue to progress toward break-even performance on a full-accrual basis over the next few years," said S&P credit analyst Luke Gildner.

The outlook is stable, reflecting S&P's view of BCM's improving operating performance and financial resources.

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