Moody's Investors Service affirmed the "Aa3" rating on Fort Worth, Texas-based Tarrant County Hospital District's bonds, affecting $20 million of rated revenue bond debt.
The ratings affirmation is based on a number of factors, including the diversity and strength of the tax base that generates significant property tax revenue for the district and the organization's own adequate financial performance.
The outlook is stable, reflecting Moody's Investors Service's expectation the district will meet budget in fiscal year 2017.