Standard & Poor's Ratings Services has affirmed its "AAA" long-term and underlying ratings on Texas-based Tarrant County Hospital District's general obligation debt.
"We view the district's large and diverse economic base as a key credit strength," said S&P credit analyst Kate Boatright.
The rating affirmation was also based on the district's significant ability to raise tax revenue and its strong financial position. Tarrant County Hospital District had nearly $409 million in unrestricted cash and investments in fiscal year 2014.
The hospital district's outlook is stable.
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