S&P ups outlook to positive on UMass Memorial debt

Standard & Poor's said it revised its outlook to positive from stable on Massachusetts Health and Educational Facilities Authority's debt issued for UMass Memorial Medical Center and affirmed its BBB rating on the authority's $185.1 million series 2001C and 2005D bonds and $61 million series 1998A UMass Memorial bonds.

The outlook revision reflects steady financial improvement and UMass Memorial's essential role in providing health care to central Massachusetts, S&P said. S&P said it will consider an upgrade when the medical center issues planned debt later this year or in early 2009.

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