S&P lowers San Antonio Regional Hospital's rating to 'BBB+'

S&P Global Ratings lowered the rating on Upland, Calif.-based San Antonio Regional Hospital to "BBB+" from "A-."

"The revised rating reflects limited operating flexibility as management moves into and operationalizes its new patient tower in fiscal [year] 2017, and as SARH adds new costs to its operating base which may take a couple of years to stabilize given the size and scale of the project," said S&P analyst Aamna Shah.

The outlook is stable.

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