Fitch “has affirmed at ‘A-‘ the rating on Series 2013 and 2017 general obligation (GO) refunding bonds and Series 2013 combination tax and revenue certificates of obligation issued by El Paso County Hospital District” but downgraded its outlook from “Positive” to “Stable.

“The Stable Outlook reflects recent and expected operating performance, that while still adequate, is not currently trending toward a level consistent with a higher rating. Additionally, the balance sheet, while improving, remains weak for the rating level.”

The A- rating is six levels below the coveted “AAA” rating.

Enjoy your day.

Max