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.