S&P rates Childrens Hospital Los Angeles bonds AA+/A-1+

Standard & Poor's said it assigned an AA+/A-1+ rating to the $150 million series 2008A-C variable-rate revenue bonds issued by the California Statewide Communities Development Authority on behalf of Childrens Hospital Los Angeles.

The due dates for the three series of $50 million each are Aug. 15, 2023 for series 2008A, Aug. 15, 2031 for series 2008B and Aug. 15, 2034 for series 2008C.

The rating is based on three letters of credit provided by Bank of America NA.

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