S&P Global Ratings assigned its "A" rating to Opelika-based East Alabama Medical Center's proposed $31.7 million series 2018A revenue bonds.
Additionally, S&P affirmed its "A" rating on EAMC's series 2012A bonds.
"The long-term rating reflects our view of EAMC's dominant market position as the only hospital in its home county and its stable financial profile with a history of maintaining operating profitability," said S&P credit analyst Patrick Zagar.
The outlook is stable, reflecting S&P's expectation that EAMC's healthy market position, combined with its strong management team and supplemental operating support via tax receipts, will help maintain its operating profitability.