S&P assigns 'BBB-' rating to Palomar Health's bonds

S&P Global Ratings has assigned a "BBB-" rating to Escondido, Calif.-based Palomar Health's series 2016 revenue refunding bonds and series 2010 revenue bonds.

"The rating reflects our view of Palomar Health's very strong enterprise profile combined with a vulnerable but improving financial profile," said S&P analyst Martin Arrick.

The outlook is stable, reflecting S&P's belief in Palomar Health management's continued progress in restoring operational performance over the past few years.

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