Fitch upgrades Karnes County Hospital District's rating, removes ratings watch evolving

Fitch Ratings upgraded the rating on Kenedy, Texas-based Karnes County Hospital District's $46 million of series 2014 hospital revenue bonds to "A" from "BBB" and removed the hospital district from ratings watch evolving.

The ratings upgrade is based on a variety of factors, including the hospital district's strong tax revenue base and critical access designation.

The outlook is stable.

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