Fitch affirms Palomar Health's 'BB+' rating

Fitch Ratings has affirmed the "BB+" rating on Escondido, Calif.-based Palomar Health's following outstanding debt:

  • $159.8 million of series 2010 certificate of participation bonds
  • $229.2 million of series 2009 certificate of participation bonds
  • $171.8 million of series 2006A-C certificate of participation bonds

The rating affirmation is based on a number of factors, including Palomar's continued improved operating performance and solid market position.

The outlook is stable.

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