Standard & Poor's Ratings Services has assigned an "AA-" rating to Dallas-based Baylor Scott & White Health's series 2016A fixed rate revenue bonds, affecting $381.9 million.
"The 'AA-' rating further reflects our view of BSW's significant geographic spread throughout central and north Texas, good operational liquidity and solid financial operations," said S&P credit analyst Kevin Holloran.
The outlook is stable, reflecting S&P's anticipation of continued solid operating results and view that BSW is prepared for healthcare reform and changes in reimbursement.
S&P has also assigned an "AA-" rating on Baylor Scott & White Health's $535.89 million of series 2016 bonds.