In addition, Fitch affirmed an “AA/F1+” rating to Texas Children’s series 2015-2 revenue bonds, affecting $50 million of debt.
The long-term “AA” rating affirmation is a result of several factors, including the hospital’s favorable capital growth, healthy balance sheet metrics, stable operating performance and position as a well-known pediatric hospital.
The short-term rating is a result of the bonds being in “windows” mode, which provides the hospital with flexibility to fund a tender.
The outlook is stable.
More articles on healthcare finance:
Children’s Hospital of LA to rename inpatient floor after donation from Panda Express
Massachusetts Gov. Charlie Barker urges lawmakers to reconsider Medicaid reform
Nasdaq, S&P see record highs thanks to healthcare, tech
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.