S&P Global Ratings assigned its 'A-1+' short-term rating to Texas Health Resources ? (Texas Health) taxable commercial paper (CP) notes, series A, with an authorized amount of $500 million. The 'A-1+' short-term rating reflects our view of the credit strengths inherent in our 'AA' long-term rating on Texas Health?s debt outstanding, as well as our view that the system's assets provide sufficient support for any liquidity demands associated with this debt, with well-defined procedures established to provide principal and interest on a timely basis. The outlook on the CP notes is not meaningful. The CP notes will be secured under the master trust indenture (MTI) by revenue of the obligated group, which accounted for 60% of fiscal 2024 net patient
