S&P Global Ratings raised Delano (Calif.) Regional Medical Center's series 2012 certificates of participation to "BBB" from "BBB-."
S&P attributed the rating upgrade to several factors, including Delano Regional Medical Center's strong operating margins, enhanced balance sheet metrics and its position as a recipient of the expanding quality assurance fee program.
The outlook remains stable, reflecting S&P's expectation that the hospital will maintain strong operating margins and improved balance sheet metrics.