Fitch Ratings assigned its "AA" rating to Dallas-based Children's Health System of Texas' proposed $327.66 million series 2017A revenue bonds and $25.32 million series 2017A taxable bonds.
At the same time, Fitch affirmed its "AA" rating on CHST's series 2012 and series 2009 bonds, affecting $344 million of debt.
The affirmation and assignment are a result of several factors, including the health system's dominant market position, favorable operating margins, manageable debt buden and strong liquidity metrics.
The outlook is stable.