S&P Global Ratings assigned its 'A+' long-term rating to the South Carolina Jobs-Economic Development Authority's $87.4 million series 2020B adjustable rate hospital facilities revenue bonds, issued for Bon Secours Mercy Health, Md. The outlook is stable. For more information, please see our most recent published full analysis on April 2, 2020, where we rated series 2020A bonds issued by the authority. The final structure of the transaction split the authority's issuance into two series--the 2020A that was previously rated and the 2020B five-year put bonds referenced here. There is no material change in the total par amount of the bonds issued.
