S&P Global Ratings assigned its 'BBB' long-term rating to the California Municipal Finance Authority's anticipated $235.1 million (par) series 2022 tax exempt and taxable certificates of participation issued for Palomar Health (Palomar). At the same time, S&P Global Ratings affirmed its 'BBB' long-term rating on the California Municipal Finance Authority's outstanding revenue bonds and certificates issued for Palomar and its 'BBB' long-term rating and SPUR on Palomar's general obligation bonds. The outlook is stable. Bond proceeds will provide $100 million in new money to finance capital projects and remaining proceeds will be used to refund Palomar's $124.2 million series 2006 ABC Auction Rating Securities as well as fund the swap termination payment related to the termination of swap agreements executed
