S&P revises Boston Medical Center's outlook to positive

Standard & Poor's Ratings Services has revised the outlook on Boston Medical Center's debt to positive from stable.

"The positive outlook is based on BMC Health System's improved financial performance in fiscal 2015 and through interim fiscal period ended Dec. 31, 2015, with the exception that future cash flow growth will meet the funding needs of management's long-term capital plan," said S&P credit analyst Jennifer Soule.

S&P has also assigned a "BBB" rating to BMC's series 2016 taxable bonds, affecting $75 million.

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