Moody's assigns 'Aa2' rating to CHOP's bonds

Moody's Investors Service has assigned an "Aa2" rating to Children's Hospital of Philadelphia's series 2014A bonds.

The assigned rating is based on a number of factors, including CHOP's reputation among children's hospitals in terms of clinical strength, its leading market position in the greater Philadelphia area and strong operating margins. CHOP has a $2 billion revenue base and is the largest independent pediatric hospital in the country.

CHOP also has challenges, such as a large ambulatory care project that will elevate capital spending in the short term.

More articles on hospital credit ratings:

Moody's upgrades Bridgeport Hospital to 'Aa3' 
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7 recent hospital rating and outlook changes, affirmations 

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