Lee Memorial Health System, Florida; System

S&P Global Ratings assigned its 'A+' long-term rating to Lee Memorial Health System Board of Directors, Fla.'s series 2019A-C bonds, issued for Lee Memorial Health System (LMHS). In addition, we affirmed our 'A+' long-term rating and underlying rating (SPUR) on Lee Memorial Health System Board of Directors, Fla.'s series 2007A and 2010 hospital revenue bonds, issued for LMHS. The $42 million series 2010 bonds are taxable and issued under the Build America Bonds (BAB) program. The outlook on all series of debt is stable. We last reviewed our rating on LMHS in December 2018, at which time we raised the rating to A+' from 'A' reflecting the application of "U.S. And Canadian Not-For-Profit Acute Care Health Care Organizations" criteria published

...S&P Global Ratings assigned its 'A+' long-term rating to Lee Memorial Health System Board of Directors, Fla.'s series 2019A-C bonds, issued for Lee Memorial Health System (LMHS). In addition, we affirmed our 'A+' long-term rating and underlying rating (SPUR) on Lee Memorial Health System Board of Directors, Fla.'s series 2007A and 2010 hospital revenue bonds, issued for LMHS. The $42 million series 2010 bonds are taxable and issued under the Build America Bonds (BAB) program. The outlook on all series of debt is stable. We last reviewed our rating on LMHS in December 2018, at which time we raised the rating to A+' from 'A' reflecting the application of "U.S. And Canadian Not-For-Profit Acute Care Health Care Organizations" criteria published on March 19, 2018. The rating reflects LMHS's solid enterprise profile, anchored by its excellent market position in Lee County, which is experiencing strong population growth and favorable economic trends. Improved population growth for Lee County...

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