Research Update: PIH Health Inc., CA Debt Rating Lowered To 'A-' On Weaker-Than-Expected Operating Results

S&P Global Ratings lowered its long-term rating and underlying rating (SPUR) to 'A-' from 'A' on the California Health Facilities Financing Authority 's series 2020A (tax exempt) fixed-rate revenue bonds and series 2020B taxable fixed rate revenue bonds, and the California Public Finance Authority 's series 2024A (tax exempt) fixed-rate revenue bonds and series 2024B taxable fixed-rate revenue bonds issued for PIH Health Inc . (PIH Health). S&P Global Ratings also lowered its long-term rating to 'A-' from 'A' on the California Infrastructure&Economic Development Bank 's series 2024 tax-exempt and series 2024B taxable revenue bonds issued for Whittier Sustainable Energy Partners LLC (WSEP). The outlook is stable. The lower rating reflects PIH Health's weaker-than-expected operating results, with recent

...S&P Global Ratings lowered its long-term rating and underlying rating (SPUR) to 'A-' from 'A' on the California Health Facilities Financing Authority's series 2020A (tax exempt) fixed-rate revenue bonds and series 2020B taxable fixed rate revenue bonds, and the California Public Finance Authority's series 2024A (tax exempt) fixed-rate revenue bonds and series 2024B taxable fixed-rate revenue bonds issued for PIH Health Inc. (PIH Health)....

Research Update