...S&P Global Ratings affirmed its 'A+' long-term rating on the Louisiana Public Facilities Authority's series 2015A tax-exempt hospital revenue bonds, issued for Louisiana Children's Medical Center (LCMC) obligated group. At the same time, S&P Global Ratings affirmed its 'A+' issuer credit rating (ICR) on Children's Hospital of Louisiana, an entity of LCMC. The ICR is based on our opinion of Children's Hospital's overall capacity and willingness to meet its financial obligations and is not specific to any debt instrument. The outlook is stable. LCMC is the parent organization for Children's Hospital (in New Orleans), Touro Infirmary (Touro), West Jefferson Holdings LLC (doing business as West Jefferson Medical Center, or WJMC), and University Medical Center Management Corp (UMCMC). (UMCMC is the parent of the new University Medical Center, or UMC.) LCMC and Touro also have a management agreement with the 60-bed public hospital, New Orleans East Hospital (NOEH). LCMC's consolidated financial...
