The outlook for Hawaii Pacific Health, Hawai'i's largest private hospital operator, has been raised to "positive" to "stable" by Standard & Poor's Ratings Services.

†he credit ratings agency also affirmed its "BBB+" rating on Hawaii Pacific's long-term and underlying rating on Hawaii Pacific's about $256.4 million of debt.

The ratings agency said the outlook revision reflects a significant improvement in the health system's operating results and improved balance sheet. It said management initiatives have returned Hawaii Pacific to profitability from a loss in its fiscal 2006 financial year.