S&P Global Ratings' long-term rating on California Statewide Communities Development Authority's series 2018A tax-exempt revenue bond and series 2018B taxable revenue bonds, issued for Marin General Hospital (Marin or the hospital) is 'BBB'. The outlook is stable. The series 2018 revenue bonds (rated by S&P Global Ratings) are secured by gross revenues of Marin Health. The series 2015 and 2017 GO bonds (which S&P Global Ratings does not rate) are secured by unlimited ad valorem property taxes levied on all taxable property within the district's boundaries. The rating incorporates our view that Marin will be able to maintain its robust market position in a demographically attractive area as volumes rebounded in fiscal 2021 and through fiscal 2022, suggesting market share
