S&P upgrades Norman Regional Health System's rating to 'BBB+'

S&P Global Ratings has raised the long-term and underlying rating on Norman (Okla.) Regional Health System's debt to "BBB+" from "BBB."

"The upgrade reflects expected benefits from this issuance, which should lower [outstanding] debt, debt service and interest rate expense, and eliminate all contingent debt," said S&P analyst Margaret McNamara.

The outlook is stable, reflecting Norman's solid market position, record of improved earnings and solid balance sheet for the new rating.

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