FARMERS BRANCH (S&P Global Ratings) March 25, 2021--S&P Global Ratings revised its outlook to stable from negative and affirmed its 'A' long-term rating on the South Carolina Jobs Economic Development Authority's series 2018A and 2018C bonds, issued for Prisma Health. We also affirmed our 'AA+/A-1+' dual rating on the authority's series 2018B variable rate demand bonds (VRDBs), which are supported by a letter of credit from US Bank and were also issued for Prisma Health. We based the long-term rating component on the application of joint criteria between US Bank and the 'A' underlying rating (SPUR) on Prisma Health. The short-term rating component reflects the 'A-1+' short-term rating on US Bank. At the same time, we affirmed our 'A' long-term
