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Junk-Rated LA Children’s Hospital to Borrow for Working Capital

The Children’s Hospital Los Angeles is planning to sell $187.5 million of federally taxable municipal revenue bonds as it contends with financial pressure tied to federal and state cuts to California’s Medicaid program.

This article was originally published by Bloomberg Markets and is republished here under license.

The Children’s Hospital Los Angeles is planning to sell $187.5 million of federally taxable municipal revenue bonds as it contends with financial pressure tied to federal and state cuts to California’s Medicaid program.

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