The upgrade on South Dakota Health&Education Facility Authority's bonds, issued for Huron Regional Medical Center, reflects recent strong financial performance, increases in liquidity position, and successful project completion. A further upgrade is precluded as a result of Huron's small physician staff, slightly declining admissions, and a high percentage of revenues from government sources, at 65% in 1995. Huron provides general acute care services to a five-county area in eastern South Dakota and recently completed construction of a replacement facility, financed with proceeds from the 1994 bond issue. The project was completed on time and $1 million under budget. With no competition, outmigration of inpatient admissions continue to be negligent, as Huron captures over 85% of its service area
