S&P Global Ratings assigned its 'A-1+' short-term rating to Texas Health Resources ? (Texas Health) taxable commercial paper (CP) notes, series A, with an authorized amount of $500 million. The 'A-1+' short-term rating reflects our view of the credit strengths inherent in our 'AA' long-term rating on Texas Health?s debt outstanding, as well as our view that the system's assets provide sufficient support for any liquidity demands associated with this debt, with well-defined procedures established to provide principal and interest on a timely basis. The outlook on the CP notes is not meaningful. DALLAS (S&P Global Ratings) Aug. 5, 2025--S&P Global Ratings today took the rating actions listed above.