Moody's Investors Service has affirmed the "Aa2" and "Aa2/VMIG 1" ratings on Children's Hospital of Philadelphia's outstanding bonds, affecting $900 million of debt.
The "Aa2" rating affirmation is based on several factors, including CHOP's national regard among children's hospitals and its leading market position in the greater Philadelphia area.
The "Aa2/VMIG 1" rating affirmation is based on CHOP's credit quality and numerous other factors.
The outlook is stable, reflecting Moody's expectation that CHOP will maintain its favorable investment position and strong operating margins.
More hospital outlook and credit rating actions:
Moody's affirms Children Hospital Colorado's 'A1' rating
Moody's affirms Duke Health System's 'Aa2' rating
Moody's assigns 'A3' rating to Health Quest System's bonds