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.