S&P Global Ratings has assigned an "AA-" long-term rating to Fort Bragg, Calif.-based Mendocino Coast Health Care District's $5.8 million of series 2016 bonds.
"The long-term rating is based on our assessment of insurance from the California Health Facilities Construction Loan Insurance Program (Cal-Mortgage)," said S&P analyst Patrick Zagar.
The outlook is stable, "based on that of California's GO debt rating," Mr. Zagar added.