S&P Global Ratings raised its long-term rating on the Oklahoma Development Finance Authority's series 2018B tax-exempt fixed-rate bonds and series 2018C taxable fixed-rate bonds to'BBB-'from'BB+'. The bonds were issued for OU Medicine Inc. (OUMI), now doing business as OU Health. In addition, we raised our underlying rating (SPUR) on the insured maturities of the authority's series 2018B and 2018C bonds, also issued for OUMI, to ‘BBB-‘ from ‘BB+’. The outlook is stable. The upgrade reflects OU Health’s broad financial profile improvement that we anticipate will continue over the outlook period. While the system’s balance sheet remains lighter, we view its robust operating profile, proven state support, and growing statewide business position as stabilizing offsets. Unrestricted receivables of
