Moody's affirms Children's Hospital of Los Angeles' rating

Moody's Investors Service has affirmed Children's Hospital of Los Angeles' "Baa2" rating, affecting approximately $471 million of rated debt.

The rating affirmation is based on a number of factors, including CHLA's strong market position as a leading provider of pediatric care in Los Angeles and its stable financial performance.

CHLA also faces several difficulties, including high leverage and a challenging payer mix.

The rating outlook remains stable, reflecting Moody's expectation of stable financial performance inclusive of the California provider fee and manageable capital spending plans.

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