Fitch downgrades Dallas County Hospital District's rating to 'AA'

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Fitch Ratings downgraded the rating on Dallas (Texas) County Hospital District's bonds to "AA" from "AA+."

The downgraded bonds include:

  • $222.5 million of series 2009B limited tax bonds
  • $457.7 million of series 2009C limited tax bonds
  • $38.3 million of series 2013 limited tax bonds

The ratings agency also removed the hospital district from ratings watch evolving.

The ratings affirmation is based on a variety of factors, including its diverse economic base, its role as an essential service provider and its weak payer mix.

The outlook is negative.

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