Moody's assigns Aaa/VMIG1 to Children's Hospital bonds

Moody's Investors Service said it assigned a rating of Aaa/VMIG1 to City of Aurora, Colo., hospital revenue refunding bonds, series 2008B, issued for the Children's Hospital Association.

Sale of the $50.375 million offering of series 2008B bonds was expected on June 26.

The long-term rating reflects Moody's approach to rating jointly supported transactions and is based in part upon the letter of credit provided Allied Irish Banks plc. The bank is rated Aa2 for its long-term bank deposits and Prime-1 for its short-term bank deposits. Moody's maintains a rating of A1 on Children's Hospital Association.

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