S&P Global Ratings assigned an "AA" long-term rating to Albuquerque, N.M.-based Presbyterian Health Services' $236.82 million of series 2017A fixed-rate revenue bonds and $65.66 million of series 2017B taxable fixed-rate bonds.
S&P also affirmed the "AA/A-1" and "AA/A-1+" short-term dual ratings on PHS' variable-rate demand bonds.
"The 'AA' rating reflects our view of PHS' sound financial profile with solid unrestricted reserves, a modest debt load and historically good financial results," said S&P analyst Allison Bretz.
The outlook is stable.