...S&P Global Ratings assigned its 'A+' long-term rating to Greenwood County, S.C.'s $43.05 million series 2017 bonds, issued on behalf of Self Regional Healthcare. At the same time, we affirmed our 'A+' long-term rating and underlying rating (SPUR) on Self's series 2012B, 2009, and 2004B bonds. The outlook is stable. The series 2017 bond proceeds will be used to refund the series 2009 bonds. We will withdraw the rating on the 2009 bonds once they are fully defeased. We assessed Self Regional's enterprise profile as adequate and its financial profile as very strong, characterized by the organization's dominant inpatient market share, overall balance sheet strength, and consistent financial results for the fiscal year ended Sept. 30, 2016. Combined, these credit factors lead to an indicative rating of 'a+' and a final rating of 'A+'. In our view, the 'A+' rating on the hospital's bonds also reflects the hospital's superior unrestricted cash reserves and excellent unrestricted reserves to debt....
