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.
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