Moody's gives A1 to Children's Hospital bonds

Moody's Investors Service said it assigned A1 underlying ratings to the $50.375 million Children's Hospital series 2008B bonds to be issued by the city of Aurora, Colo. The outlook is stable.

The expected sale date is June 25.

Proceeds will refund the series 2006 bonds and finance costs of issuance.

The bonds are variable-rate demand obligations and are expected to be supported by a letter of credit from Allied Irish Banks. Enhanced long-term and short-term ratings reflecting the letter of credit will be published separately.

Moody's also affirmed the A1 underlying ratings on the hospital's parity debt.

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