S&P gives AA/A-1+ to Texas Children's Hospital bonds

Standard & Poor's said it assigned an AA/A-1+ rating to Harris County Health Facilities Development Corp.'s $300 million of series 2008-1, 2008-2 and 2008-3 hospital revenue refunding term-rate bonds issued on behalf of Texas Children's Hospital.

The issue includes $100 million of each series.

For all three series, the long-term rating is based on the underlying AA rating and stable outlook of the hospital, and the short-term rating reflects a standby bond purchase agreement from JPMorgan Chase NA, which is raed AA/A-1+.

The outlook is stable.

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