...S&P Global Ratings revised the outlook to stable from negative and affirmed its '###' long-term rating and underlying rating (SPUR) on the California Municipal Finance Authority's outstanding revenue bonds and certificates issued for Palomar Health, and its '###' long-term rating and SPUR on Palomar Health's general obligation (GO) bonds. The stable outlook is supported by meaningful operating improvement, the expectation that operations will exceed budgeted expectations (13% EBIDA margin) at year-end, and balance sheet stability. Palomar's strategic partnerships and joint ventures also support the stable outlook as they have positioned the district for continued growth as the preeminent provider in north San Diego County. The stable outlook is also supported by our view of increased physician integration following Arch Health Partners' (Arch) acquisition of Graybill Medical Group, which was recently rebranded to Palomar Health Medical Group in fiscal 2021....
