Summary: Huron Regional Medical Center, South Dakota; Hospital

S&P Global Ratings issuer credit rating (ICR) on Huron Regional Medical Center (Huron), S.D., is 'A-'. The ICR applies to Huron's general creditworthiness and is not specific to any bond issue. The outlook is stable. The rating reflects our expectation that Huron's balance sheet strength and liquidity will continue to provide cushion in the likelihood of continued operating weakness associated with the COVID pandemic and the related economic recession in fiscal 2021. Consistent with the broader industry, the pandemic has led to a pull back in profitable outpatient surgery procedures in fiscal 2020, and the volume recovery is ongoing from the lows of April 2020. Coronavirus Aid, Relief, and Economic Security Act (CARES) stimulus was helpful to address some of

...S&P Global Ratings issuer credit rating (ICR) on Huron Regional Medical Center (Huron), S.D., is 'A-'. The ICR applies to Huron's general creditworthiness and is not specific to any bond issue. The outlook is stable. The rating reflects our expectation that Huron's balance sheet strength and liquidity will continue to provide cushion in the likelihood of continued operating weakness associated with the COVID pandemic and the related economic recession in fiscal 2021. Consistent with the broader industry, the pandemic has led to a pull back in profitable outpatient surgery procedures in fiscal 2020, and the volume recovery is ongoing from the lows of April 2020. Coronavirus Aid, Relief, and Economic Security Act (CARES) stimulus was helpful to address some of the revenue shortfall for Huron, with a total of approximately $4.6 million received, of which $2.6 million was recorded in fiscal 2020, and $1.1 million recorded in the first quarter of fiscal 2021, leaving approximately $1 million...

Summary