Moody's affirms 'Aa1' rating on Children's Hospital & Medical Center's LOC-backed bonds

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.

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