Fitch affirms 'A+' rating on Palomar Health's bonds

Fitch Ratings affirmed the "A+" rating on Escondido, Calif.-based Palomar Health's bonds. The bonds were also placed on rating watch evolving.

The bonds include:

  • $64,916,679 of series 2010A general obligation bonds election of 2004
  • $110,000,000 of series 2009A general obligation bonds election 2004
  • $58,478,447 of series 2007A general obligation bonds election 2004

Fitch also maintained the "AAA" rating the health system's series 2016A and 2016B based on a pledged special revenue analysis.

The ratings affirmation is based on the fact the bonds not refunded by the series 2016A and 2016B bonds lack a pledge and remain on rating watch evolving.

More articles on healthcare finance:
S&P affirms 'BBB' rating on Jackson Hospital & Clinic's bonds, revises outlook to negative
Moody's assigns 'A1' rating to Medical University of South Carolina's bonds
Moody's affirms 'Aa2' rating on Monongahela Valley Health System's LOC-backed bonds

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