S&P Global Ratings revised Sebastopol, Calif.-based Palm Drive Health Care District's outlook to stable from negative.
"The outlook revision reflects our view of the district's full and timely payments on the bonds," said S&P analyst Melanie Her.
S&P also affirmed the "CCC+" rating on Palm Drive Health Care District's series 2005 bonds and series 2010 certificates of participation. The rating affirmation reflects S&P's understanding that the district remains in bankruptcy.
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