S&P raises El Camino Hospital District's bond rating

Standard & Poor's has raised its rating on Calif.-based El Camino Hospital District's 2006 GO bonds from "AA-" to "AA."

"The raised rating is based on the district's maintenance of a very robust financial profile and very strong economic characteristics," said S&P credit analyst Misty Newland.

The rating upgrade was also based on the district's participation in a broad and diverse metropolitan statistical area, which exhibits above-average incomes and property wealth, strong operating profile and low overall debt burden as a percentage of market value.

The outlook is stable.

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