Moody's Investors Service affirmed the "Aa1" long-term joint support letter of credit-backed rating of Omaha, Neb.-based Children's Hospital & Medical Center's series 2008A revenue refunding bonds.
The bonds are supported by an irrevocable direct pay letter of credit provided by U.S. Bank National Association. The "Aa1" long-term rating on the bonds is based on the agency's review and revision of the long-term joint default analysis rating on CHMC's bonds Feb. 15.
The short-term "VMIG 1" rating assigned to CHMC's series 2008A revenue refunding bonds remains unchanged.