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.