Concurrently, Fitch assigned an issuer default rating of “A” to the healthcare district.
The assignment and affirmation is a result of the healthcare district’s stable operating profile, low leverage and ample liquidity. Fitch also acknowledged the healthcare district’s high reliance on Medicaid payers and weak service area.
The outlook is stable.
Sierra View Local Health Care District oversees Sierra View Medical Center, a 167-bed, full service facility in Porterville.
More articles on healthcare finance:
Good Samaritan Hospital receives $21M gift from Berkshire Hathaway chairman
Moody’s: Nonprofit hospital rating downgrades rose sharply in 2017
Disney pledges $100M to enhance the patient experience at children’s hospitals
