S&P Global Ratings assigned its ?AA-? long-term rating to the California Health Facilities Financing Authority ?s $310.1 million series 2025A fixed-rate revenue bonds and its $150.0 million series 2025B fixed-rate revenue bonds issued for Stanford Health Care (SHC; f/k/a Stanford Hospitals&Clinics). In addition, we affirmed our 'AA-' long-term rating on the authority's various tax-exempt bonds issued for SHC and its? AA-? long-term rating on SHC?s various taxable bonds. We also affirmed our 'A-1+' short-term rating on SHC's $150 million taxable and $200 million tax-exempt commercial paper (CP) programs, and our 'AA-/A-1+' dual-rating on various bonds in weekly and CP mode issued for SHC. We base our 'A-1+' short-term rating component on our view of SHC's own liquidity and