AN FRANCISCO (S&P Global Ratings) Sept. 22, 2016--S&P Global Ratings raised its rating on Palomar Health District, formerly Palomar Pomerado Health, Calif.'s outstanding debt to 'A' from 'BBB+' based on our view of the district's improved enterprise and financial profiles. Additionally, S&P Global Ratings assigned its 'A' rating to the district's 2016 refunding bonds. The outlook is stable. "While Palomar Health's financial profile remains vulnerable, with a high debt load, modest unrestricted reserves, and pressured operations, its overall financial profile has improved incrementally in every way," said S&P Global Ratings credit analyst Jen Hansen. The ratings reflect our view of Palomar Health's: Continued very robust and diverse tax base, Location within an affluent region of the robust and diverse San
