S&P assigns 'A-' rating to Halifax Health's bonds

Standard & Poor's Ratings Services has assigned an "A-" rating to Port Orange, Fla.-based Halifax Health's $158 million of series 2016 revenue refunding bonds.

"The rating reflects our assessment of Halifax's healthy balance of days' cash on hand, dominant market position, strong non-operating activity and positive demographic trends within its service area and encouraging economic growth," said S&P credit analyst Patrick Zagar.

The outlook is stable.

S&P has also affirmed the "A-" long-term rating on Halifax Health's outstanding series 2006A and series 2015 bonds.

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