S&P Global Ratings' long-term rating on Lee Memorial Health System Board of Directors, Fla.'s various series of bonds, issued for Lee Memorial Health System (LMHS), is 'A+'. The $42 million series 2010 bonds are taxable and issued under the Build America Bonds (BAB) program. The outlook is stable. The rating reflects LMHS' solid enterprise profile, anchored by its excellent market position in Lee County, which has experienced strong population growth and favorable economic trends. LMHS also maintains a sound financial profile, even as it continues to execute an ambitious capital strategy. LMHS' financial performance remained healthy in fiscal 2020 (ended Sept. 30, 2020) and through the first six months of fiscal 2021, even as the system weathered the challenges associated
