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.