Fitch Ratings assigned its "AA" rating to Ann & Robert H. Lurie Children's Hospital of Chicago proposed $218.56 million series 2018 revenue refunding bonds.
Concurrently, Fitch affirmed its "AA" rating on Lurie Children's Hospital's outstanding bonds, affecting $352.6 million of debt.
The assignment and affirmation are a result of several factors, including the hospital's dominant market position, manageable debt burden, healthy operating profitability and solid liquidity metrics. Fitch also acknowledged the hospital's high reliance on government reimbursements.
The outlook is stable.