Moody's affirms 'A1' rating for Lucile Packard Children's Hospital

Moody's Investors Service affirmed its "A1" revenue bond rating for Palo Alto, Calif.-based Lucile Packard Children's Hospital.

The affirmation reflects a second year of challenged operating performance for the hospital, but management expects performance to materially improve next year with the completion of a new hospital project.

The rating outlook has been revised from stable to negative.

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