S&P downgrades Hunt Memorial Hospital District to 'A-'

Alia Paavola - Print  | 

S&P Global Ratings downgraded its long-term rating on Greenville, Texas-based Hunt Memorial Hospital District's general obligation debt to "A-" from "A+."

The downgrade is a result of several factors, including the district's limited service area, thin operating margin and reliance on special funding and tax receipts. S&P also acknowledged the district's light debt burden, good market share and operating improvement efforts.

The outlook is stable at the lower rating, reflecting S&P's expectation that the operating improvement efforts and low debt levels will provide credit stability in the next several years.

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