Here are three things to know about the rating assignment and the hospital district’s outlook.
1. The rating assignment was supported by a number of factors, including the fact that the district’s Midland (Texas) Memorial Hospital has a strong and increasing market share.
2. Fitch also noted that the district’s overall debt burden is moderate, and the district “has maintained a low tax rate with significant capacity below the statutory maximum rate, providing ample financial flexibility and cushion if taxable assessed valuation) declines more than expected.”
3. The district’s outlook is stable.
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