CHICAGO (S&P Global Ratings) Oct. 11, 2019--S&P Global Ratings assigned its 'A' long-term rating to Franciscan Missionaries of Our Lady Health System (FMOLHS), La.'s $260.0 million series 2019 taxable revenue bonds. At the same time, S&P Global Ratings affirmed its 'A' long-term rating and underlying rating (SPUR), where applicable, on FMOLHS' outstanding debt. The outlook is stable. "The ratings reflect our view of FMOLHS' three-year trend of improving operations, driven by increased supplemental funding at some of its smaller facilities and ongoing focus on revenue growth and careful expense management," said S&P Global Ratings credit analyst Allison Bretz. "The ratings further incorporate FMOLHS' increasing unrestricted reserves and healthy days cash on hand, as well as stable volumes and improving market
