Standard&Poor's Ratings Services raised its long-term rating and underlying (SPUR) ratings to 'A-' from 'BBB+' on Colorado Health Facilities Authority's series 2006, 2007, and 2008 hospital revenue bonds issued for the Valley View Hospital Assn. (VVHA). The outlook is stable. The upgrade is based on VVHA's sound history of operating results, balance sheet improvement, and a solid business position in a growing service area. We consider the management team strong, as demonstrated by its conservative budgeting and longer-term strategic planning. The balance sheet is sound, with solid days' cash on hand, a conservative debt profile, and a low average age of plant. With relatively limited capital spending needs going forward and no debt plans in the next several
