Moody’s affirms ‘Aa2/VMIG 1’ on CHRISTUS Health’s bonds

Moody’s Investors Service has affirmed Irving, Texas-based CHRISTUS Health’s “Aa2/VMIG 1” letter of credit-backed series 2008C-1 bonds, affecting $41.44 million of debt.

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Moody’s has evaluated the bonds based on a joint default analysis. Moody’s has determined that the joint probability of default between the bank and the obligor is low, which results in credit risk consistent with a JDA rating of “Aa2.”

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