S&P Global Ratings has assigned a "BBB-" rating to Escondido, Calif.-based Palomar Health's series 2016 revenue refunding bonds and series 2010 revenue bonds.
"The rating reflects our view of Palomar Health's very strong enterprise profile combined with a vulnerable but improving financial profile," said S&P analyst Martin Arrick.
The outlook is stable, reflecting S&P's belief in Palomar Health management's continued progress in restoring operational performance over the past few years.