Moody's affirms 'A2' rating for Harris County Hospital District

Moody's Investors Service affirmed Harris County (Texas) Hospital District's "A2" revenue bond rating, affecting $263 million of debt.

The district, which oversees  three hospitals, also has $66 million of outstanding general obligation bonds that are unaffected by the action.

The rating reflects the essential role that Harris County Hospital District plays in the local market by offering a safety net hospital, teaching hospital and trauma service provider.

While the rating takes into account the district's significant property tax credits, the positive attributes are offset by a challenging payer mix that includes a  large uninsured patient base.

The rating outlook is stable.

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