SAN FRANCISCO (Standard&Poor's) Feb. 24, 2009--Standard&Poor's Ratings Services assigned its 'A+' rating to Palomar Pomerado Health District (PPH), Calif.'s $110 million series 2009A general obligation (GO) bonds and affirmed its 'A+' underlying rating (SPUR) on all outstanding district GO bonds. The outlook is stable. "The rating reflects our view of the district's progress made year-to-date in fiscal 2009 on restoring its liquidity and returning to operating profitability after weak fiscal 2008 results," said Standard&Poor's credit analyst Paul Dyson. "The district's long-term prospects appear favorable, in our opinion, as PPH has a long-term contract with Kaiser in which PPH provides Kaiser with dedicated in-patient services and facility space through 2020 in exchange for established per-day
