Children?s Hospital Of Boston Bonds Rated ?AA?; Outlook Stable

NEW YORK (S&P Global Ratings) June 19, 2020--S&P Global Ratings assigned its 'AA' rating to Children?s Hospital of Boston's (Children's) $300 million taxable fixed rate bonds. At the same time, we affirmed our 'AA' long-term rating on Massachusetts Development Finance Agency's series 2014P-1 tax-exempt bonds, issued for Children's, and Children's series 2017A taxable bonds. The outlook is stable. "The rating reflects our view of Children's robust unrestricted reserves and fund raising capabilities that have contributed to its healthy balance sheet," said S&P Global Ratings credit analyst Cynthia Keller. "In addition, the rating reflects Children's clinical strengths and national reputation, strong market position, and less reliance on Medicaid compared with other pediatric hospitals." We think these strengths, especially from ample unrestricted

...June 19, 2020 NEW YORK (S&P Global Ratings) June 19, 2020--S&P Global Ratings assigned its '##' rating to Children's Hospital of Boston's (Children's) $300 million taxable fixed rate bonds. At the same time, we affirmed our '##' long-term rating on Massachusetts Development Finance Agency's series 2014P-1 tax-exempt bonds, issued for Children's, and Children's series 2017A taxable bonds. The outlook is stable. "The rating reflects our view of Children's robust unrestricted reserves and fund raising capabilities that have contributed to its healthy balance sheet," said S&P Global Ratings credit analyst Cynthia Keller. "In addition, the rating reflects Children's clinical strengths and national reputation, strong market position, and less reliance on Medicaid compared with other pediatric hospitals." We think these strengths, especially from ample unrestricted reserves, provide sufficient flexibility to offset pressure from this additional debt issuance, thin operating results through the...

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