S&P Global Ratings assigned its 'BBB-' long-term rating to Palomar Health, (f/k/a Palomar Pomerado Health), Calif.'s series 2016 revenue refunding bonds and existing series 2010 revenue bonds. The outlook is stable. Recently, we also assigned our 'A' rating to Palomar Health's general obligation (GO) bonds (For more information on the GO rating, see our full analysis, published Sept. 22, 2016, on RatingsDirect). The rating assignment reflects our view of Palomar Health's very strong enterprise profile, combined with a vulnerable but improving financial profile. Overall, its enterprise strength remains sound and reflects incremental growth in patient volumes and a sound market share in its defined primary service area (PSA) in northern San Diego County. While Palomar Health's financial profile remains vulnerable
