Fitch assigns 'AA' rating to Seattle Children's Hospital's bonds

Fitch Ratings assigned an "AA" rating to Seattle Children's Hospital's $114 million of series 2017A fixed-rate revenue bonds, which are expected to price the week of March 13. The bonds will provide approximately $125 million for future capital expenditures.

The ratings agency also affirmed the "AA" rating on the hospital's outstanding debt.

The ratings assignment is based on a number of factors, including the hospital's new leadership and strategic plan, strong financial profile and high Medicaid exposure.

The outlook is stable.

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