S&P Global Ratings has revised Delano (Calif.) Regional Medical Center's outlook to positive from stable.
"The positive outlook revision is based on DRMC's consistently robust operating margins and growing unrestricted reserves," said S&P analyst Patrick Zagar. "Moreover, the hospital fully retired its variable rate series 2006 [certificates of participation] in March 2016, considerably improving debt metrics and debt service coverage."
S&P also affirmed the "BBB-" rating on DRMC's $27.7 million of series 2012 certificates of participation.