S&P assigns 'AA-' rating to Kansas Hospital Authority's bonds

S&P Global Ratings assigned an "AA-" rating to Kansas City-based Kansas Hospital Authority's $198.78 million of series 2017A health facilities improvement revenue bonds.

The ratings agency also affirmed the long-term and underlying ratings on the hospital authority's revenue bonds and the "AAA/A-1+" dual rating on its variable-rate demand bonds.

"KUHA's market presence is exceptionally strong, characterized by its dominant market share in a large primary service area, strong and growing patient volume activity given its unique high-end specialty service offerings and its position as the region's academic medical center," S&P analyst Kevin Holloran said.

The outlook is stable, reflecting S&P Global Ratings' view the hospital authority will maintain its "strong credit fundamentals, good enterprise profile and solid business position," for the two-year outlook period, said Mr. Holloran.

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