S&P assigns 'AA-' rating to Baylor Scott & White Health's bonds

Standard & Poor's Ratings Services has assigned an "AA-" rating to Dallas-based Baylor Scott & White Health's series 2016A fixed rate revenue bonds, affecting $381.9 million.

"The 'AA-' rating further reflects our view of BSW's significant geographic spread throughout central and north Texas, good operational liquidity and solid financial operations," said S&P credit analyst Kevin Holloran.

The outlook is stable, reflecting S&P's anticipation of continued solid operating results and view that BSW is prepared for healthcare reform and changes in reimbursement.

S&P has also assigned an "AA-" rating on Baylor Scott & White Health's $535.89 million of series 2016 bonds.

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