S&P has revised the outlook to positive from stable and affirmed the "A+" long-term rating on Madison-based University of Wisconsin Hospital & Clinics Authority's series 2013 revenue bonds.
"The positive outlook reflects our view of UWHCA's solid enterprise profile, which is anchored by its strong business position as the state's only academic medical center and the recent execution of growth strategies in alignment with University of Wisconsin School of Medicine and Public Health and University of Wisconsin Medical Foundation, coupled with an overall strong financial profile, including revenue and geographic diversity," said S&P credit analyst Stephen Infranco.
In addition, S&P revised its outlook to positive and affirmed its "A+" underlying rating on UWHCA's series 2009B variable-rate demand bonds. At the same time, S&P affirmed the "AAA/A-1+" rating on UWHCA's series 2009B bonds.