Fitch affirms 'BBB' rating assigned to Martin County Hospital District's bonds

Fitch Ratings has affirmed the "BBB" rating assigned to $21 million of series 2011A and 2011B limited tax and revenue bonds issued on behalf of Martin County Hospital District, which was established in 1967 to serve Martin County, Texas.

The rating affirmation was supported by a number of factors, including the hospital's improving competitive position, as it is the only critical access hospital in MartinCounty.

The hospital also faces some challenges, which were considered for the rating affirmation, such as high per capita debt. According to Fitch, the hospital's "tax-supported debt level is very high on a per capita basis with slow amortization."

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