{"id":3243,"date":"2026-05-09T00:22:00","date_gmt":"2026-05-08T22:22:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=b18baf0c18a0a29b1792d58075c1d70c"},"modified":"2026-05-09T00:22:00","modified_gmt":"2026-05-08T22:22:00","slug":"kbra-assigns-aa-rating-to-harris-county-hospital-district-tx-series-2026-limited-tax-and-refunding-bonds-affirms-rating-for-parity-bonds","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=3243","title":{"rendered":"KBRA Assigns AA+ Rating to Harris County Hospital District (TX) Series 2026 Limited Tax and Refunding Bonds; Affirms Rating for Parity Bonds"},"content":{"rendered":"<p>NEW YORK--(BUSINESS WIRE)--<a href=\"https:\/\/twitter.com\/hashtag\/creditratingagency?src=hash\" >#creditratingagency<\/a>--KBRA assigns a long-term rating of AA+ to the Harris County Hospital District's, TX (the \"District\") Series 2026, Limited Tax and Refunding Bonds. Concurrently, KBRA affirms the long-term AA+ rating for outstanding limited tax bonds. The Rating Outlook is Stable.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260508494183\/en\/2799991\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260508494183\/en\/2799991\/22\/kbra-logo.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260508494183\/en\/2799991\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260508494183\/en\/2799991\/21\/kbra-logo.jpg\" \/><\/a><p>\n<strong>Key Credit Considerations<\/strong><\/p><p>\nThe rating actions reflect the following key credit considerations:<\/p><p>\nCredit Positives<\/p><ul class=\"bwlistsquare\">\n<li>\nA growing tax base continues to generate strong property tax revenues for the District, thus supporting voter-authorized debt obligations.<\/li>\n<li>\nThe ad valorem tax rate remains well below the Texas Constitutional limit.<\/li>\n<li>\nAs the primary safety net healthcare provider in Harris County, the District plays an essential role within the county\u2019s public health mission.<\/li>\n<\/ul><p>\nCredit Challenges<\/p><ul class=\"bwlistsquare\">\n<li>\nThe District\u2019s large capital plan will place upward pressure on operating expenses, debt requirements and the tax levy.<\/li>\n<li>\nMaterial cuts to Medicaid may present operational challenges given the District\u2019s payor mix.<\/li>\n<\/ul><p>\n<strong>Rating Sensitivities<\/strong><\/p><p>\nFor Upgrade<\/p><ul class=\"bwlistsquare\">\n<li>\nMaterial growth in the property tax base, which supports the District\u2019s revenue and operations and bolsters the taxing capacity within the Constitutional levy limit.<\/li>\n<\/ul><p>\nFor Downgrade<\/p><ul class=\"bwlistsquare\">\n<li>\nSignificant secular deceleration or declines in tax base growth pressuring ad valorem tax support.<\/li>\n<li>\nTrend of sharply increasing operating deficits requiring substantial increases in the M&amp;O tax rate.<\/li>\n<\/ul><p>\nTo access ratings and relevant documents, click <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fissuers%2F65792%2Fissuer-ratings&amp;esheet=54532386&amp;newsitemid=20260508494183&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=f094b1ce8d5974f2368ff46b62c5d10c\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\n<strong>Methodologies<\/strong><\/p><ul class=\"bwlistsquare\">\n<li>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FhcrVVFJX&amp;esheet=54532386&amp;newsitemid=20260508494183&amp;lan=en-US&amp;anchor=Public+Finance%3A+General+Property+Tax%2FAssessment+Revenue+Methodology&amp;index=2&amp;md5=9e0058279797ba77935b9ca16c52f3af\" rel=\"nofollow\" shape=\"rect\">Public Finance: General Property Tax\/Assessment Revenue Methodology<\/a><\/li>\n<li>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FZvLPFfNX&amp;esheet=54532386&amp;newsitemid=20260508494183&amp;lan=en-US&amp;anchor=Public+Finance%3A+U.S.+Not-For-Profit+Healthcare+Rating+Methodology&amp;index=3&amp;md5=f9d5949c543c23e9ce778393536b6e2b\" rel=\"nofollow\" shape=\"rect\">Public Finance: U.S. Not-For-Profit Healthcare Rating Methodology<\/a><\/li>\n<\/ul><p>\n<strong>Disclosures<\/strong><\/p><p>\nA description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fissuers%2F65792%2Fdisclosures&amp;esheet=54532386&amp;newsitemid=20260508494183&amp;lan=en-US&amp;anchor=here&amp;index=4&amp;md5=30876bbe6fc81ac26569a0752938d077\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nInformation on the meaning of each rating category can be located <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Funderstanding-ratings%2Frating-scales%2Flong-term-credit-rating&amp;esheet=54532386&amp;newsitemid=20260508494183&amp;lan=en-US&amp;anchor=here&amp;index=5&amp;md5=5772e7581b9e53cdac3fd632d8f5c18c\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nFurther disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com&amp;esheet=54532386&amp;newsitemid=20260508494183&amp;lan=en-US&amp;anchor=www.kbra.com&amp;index=6&amp;md5=51a1871cf27f741b1b40ed7ed669b558\" rel=\"nofollow\" shape=\"rect\">www.kbra.com<\/a>.<\/p><p>\n<strong>About KBRA<\/strong><\/p><p>\nKroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan\u2019s Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S.<\/p><p>\nDoc ID: 1014898<\/p><br\/> <b>Contacts<\/b> <br\/><p>\n<strong>Analytical Contacts<\/strong><\/p><p>\nLina Santoro, Senior Director (Lead Analyst)\n<br\/>+1 646-731-1419\n<br\/><a  href=\"mailto:lina.santoro@kbra.com\" rel=\"nofollow\" shape=\"rect\">lina.santoro@kbra.com<\/a><\/p><p>\nMallory Yu, Senior Analyst\n<br\/>+1 646-731-1380\n<br\/><a  href=\"mailto:mallory.yu@kbra.com\" rel=\"nofollow\" shape=\"rect\">mallory.yu@kbra.com<\/a><\/p><p>\nDouglas Kilcommons, Managing Director (Rating Committee Chair)\n<br\/>+1 646-731-3341\n<br\/><a  href=\"mailto:douglas.kilcommons@kbra.com\" rel=\"nofollow\" shape=\"rect\">douglas.kilcommons@kbra.com<\/a><\/p><p>\n<strong>Business Development Contacts<\/strong><\/p><p>\nWilliam Baneky, Managing Director\n<br\/>+1 646-731-2409\n<br\/><a  href=\"mailto:william.baneky@kbra.com\" rel=\"nofollow\" shape=\"rect\">william.baneky@kbra.com<\/a><\/p><p>\nJames Kissane, Senior Director\n<br\/>+1 646-731-2380\n<br\/><a  href=\"mailto:james.kissane@kbra.com\" rel=\"nofollow\" shape=\"rect\">james.kissane@kbra.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>NEW YORK&#8211;(BUSINESS WIRE)&#8211;#creditratingagency&#8211;KBRA assigns a long-term rating of AA+ to the Harris County Hospital District&rsquo;s, TX (the \u00ab\u00a0District\u00a0\u00bb) Series 2026, Limited Tax and Refunding Bonds. Concurrently, KBRA affirms the long-term AA+ rating for o&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3243","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/3243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3243"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/3243\/revisions"}],"predecessor-version":[{"id":3244,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/3243\/revisions\/3244"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}