Fitch affirms ‘A’ rating on Sierra View Local Health Care District’s bonds

Fitch Ratings has affirmed the “A” rating on Porterville, Calif.-based Sierra View Local Health Care District’s series 2010 revenue refunding bonds, affecting approximately $18.4 million.

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The rating affirmation is based on a number of factors, including Sierra View’s strong liquidity.

Sierra View also faces several challenges, including its weak debt service coverage and location in a challenging service area.

The outlook is stable.

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