Standard&Poor's Ratings Services revised the rating outlook on Ward County, N.D.'s series 2006 and series 1996B revenue bonds, issued for the Trinity Obligated Group (Trinity Health), to stable from negative. The outlook revision reflects our view of Trinity Health's improved operating performance in fiscal 2010 and balance sheet metrics that, while still light for the rating, appear to have stabilized following several years of declines. At the same time, Standard&Poor's affirmed its 'BBB+' long-term rating on the bonds. The 'BBB+' rating reflects our view of Trinity Health's: Strong market position as the main tertiary provider and only Level 2 trauma center in northwest North Dakota; Status as a sole community provider; Vastly improved financial results for
