S&P Global Ratings' long-term rating on Richmond Hospital Authority, Ind.'s $92 million series 2015A fixed-rate bonds issued for Reid Hospital (doing business as Reid Health) is 'A-'. The outlook is stable. The rating reflects Reid's dominant market share, although the hospital operates in a comparatively limited primary service area (PSA); solid maximum annual debt service (MADS) coverage; strong days' cash on hand (DCOH); and low average age of plant. The rating also incorporates Reid's successful integration of Reid Health Connersville (formerly known as Fayette Regional Health System), which joined the system in mid-2019. The rating includes Reid's high reliance on governmental payors, which is expected to continue over the outlook period. Reid, along with most industry participants, experienced challenges from