The affirmation is a result of several factors, including the district’s implemented cost-reduction measures, increased patient volume and above-average debt profile. Moody’s unfavorably viewed the district’s strained financial operations, exacerbated by the volatility in the oil and gas sector, which the district relies on for taxes.
The outlook was revised to stable from negative, reflecting recent stabilization in the oil and gas sector, which will increase assessed values in the district.
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