“The long-term rating is based on our assessment of insurance from the California Health Facilities Construction Loan Insurance Program,” said S&P analyst Patrick Zagar. “The ultimate backing for the program, however, is the full faith and credit of California.”
The outlook is stable, reflecting S&P’s GO debt rating on California.
More articles on healthcare finance:
Philadelphia charity care disparity spans millions
Sonoma West Medical Center cuts 25 jobs amid revenue cycle overhaul
Abbott Laboratories CEO buys $45.5M in company’s stock
