Moody's rates Children's Hospital refunding bonds A2

Moody's Investors Service said it assigned an A2 rating to the $35 million series 2008A and $60.495 million series 2008B refunding bonds to be issued through the Hospital Authority No. 2 of Douglas County, Neb., for Children's Hospital.

The outlook remains stable.

The expected sale dates are July 30 for series 2008B and Aug. 11 for series 2008A.

The series 2008A securities will be issued as variable-rate demand bonds and are to be supported by a letter of credit from U.S. Bank. Enhanced long-term and short-term ratings reflecting the letter of credit will be assigned by Moody's. The series 2008B bonds will be issued as traditional fixed-rate debt.

The 2008 bonds will refund the hospital's series 2007A and B auction-rate bonds - all of the hospital's existing rated debt - and pay costs of issuance.

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