Fitch Ratings affirmed the "A+" rating on Escondido, Calif.-based Palomar Health's bonds. The bonds were also placed on rating watch evolving.
The bonds include:
- $64,916,679 of series 2010A general obligation bonds election of 2004
- $110,000,000 of series 2009A general obligation bonds election 2004
- $58,478,447 of series 2007A general obligation bonds election 2004
Fitch also maintained the "AAA" rating the health system's series 2016A and 2016B based on a pledged special revenue analysis.
The ratings affirmation is based on the fact the bonds not refunded by the series 2016A and 2016B bonds lack a pledge and remain on rating watch evolving.