S&P Global assigned its 'AA-' long-term rating to California Health Facilities Financing Authority's $500 million series 2016A revenue bonds and $350 million series 2016B (B1-B4) revenue bonds issued for Providence St. Joseph Health (PSJH). At the same time S&P Global assigned its 'AA-' long-term rating to PSJH's $350 million taxable series 2016J. S&P Global Ratings also affirmed its outstanding ratings on the debt of various issuers, which were issued on behalf of the two organizations that came together to form PSJH on July 1, 2016--specifically Providence Health&Services (PH&S) and the St. Joseph Health System (SJHS). The outlook is stable. Under the plan of finance, a single obligated group will be created with the closing of these bonds as
