S&P Global Ratings assigned an "A-" rating to Fresno, Calif.-based Community Medical Centers' 2017 tax exempt bonds.
"We assessed CMC's enterprise profile as strong, highlighted by its excellent and growing market position in an expansive service area in central California," said S&P analyst Aamna Shah. "In addition, we assessed CMC's financial profile as strong, reflecting our view that while CMC's financial profile has improved somewhat, there are certain areas that remain limited."
The outlook is stable.