S&P Global Ratings revised the outlook to positive from stable and affirmed its 'A' long-term rating on Franciscan Missionaries of Our Lady Health System (FMOLHS), La.'s outstanding debt. The outlook revision reflects FMOLHS' balance sheet, which is in line with a higher rating level, and our expectation that financial performance will remain positive and continue to improve more in line with pre-pandemic levels. In addition, FMOLHS has continued successfully with its integration efforts at recently acquired St. Dominic's and Women's and Children's Hospital (WCH), which we expect will continue over the outlook period. The rating and outlook reflect our view of FMOLHS' improving balance sheet, highlighted by its increasing unrestricted reserves and healthy days' cash on hand that is expected
