Fitch Ratings downgraded the rating on Dallas (Texas) County Hospital District's bonds to "AA" from "AA+."
The downgraded bonds include:
- $222.5 million of series 2009B limited tax bonds
- $457.7 million of series 2009C limited tax bonds
- $38.3 million of series 2013 limited tax bonds
The ratings agency also removed the hospital district from ratings watch evolving.
The ratings affirmation is based on a variety of factors, including its diverse economic base, its role as an essential service provider and its weak payer mix.
The outlook is negative.