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Moody's rates Texas Children's Hospital bonds Aa2/VMIG1
Moody's Investors Service said it assigned an Aa2/VMIG1 rating to Texas Children's Hospital's $100 million of series 2008-1, $100 million of series 2008-2 and $100 million of series 2008-3 hospital revenue bonds to be issued by Harris County Health Facilities Development Corp.
The outlook is stable.
Sale of the bonds is expected on April 30.
The ratings reflect standby purchase agreements from JPMorgan Chase Bank, NA and Bank of America, NA.
Moody's also said it affirmed the Aa2 underlying rating on $255 million of the system's existing debt.
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