Published on December 22, 2009 at 4:09 AM
Fitch Ratings has assigned an 'AA' rating to Texas Children's Hospital's
(TCH) upcoming $78.82 million series 2010 bonds issued through the
Harris County Cultural Education Facilities Finance Corporation
(Cultural Corporation). In addition, Fitch affirms the unenhanced 'AA'
ratings on TCH's outstanding debt (approximately $735 million as of
Sept. 30, 2009) issued by the Cultural Corporation and by the Harris
County Health Facilities Development Corporation.
Proceeds will retire all of TCH's auction bonds equal to the discounted
price at time of closing and pay associated costs of issuance. The bonds
are expected to sell via negotiation the week of Jan. 4, 2010 and are
general and unsecured obligations of TCH.
The Rating Outlook is Stable.
Source Texas Children's Hospital