S&P assigns 'AA-' rating to Mendocino Coast Health Care District's bonds

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.

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