SAN FRANCISCO (Standard&Poor's) May 19, 2005--Standard&Poor's Ratings Services assigned its 'AA-' rating to North San Diego County Health Facilities Financing Authority, Calif.'s $80 million GO bonds, series 2005A, issued for the Palomar Pomerado Health District, based on strong growth in the district's tax base and solid financial management, tempered by a moderate facilities master plan. The outlook is stable. "The district's tax base is a large $46 billion in assessed valuation and has grown an average annual rate of 9.5% since 2001," Standard&Poor's credit analyst Paul Dyson said. "Additionally, the district has shown strong financial management and policies. The district does have significant capital needs for its facilities master plan of more than $753
