Denver Health and Hospital Authority had its overall and specific bond ratings affirmed at "BBB" as the Colorado safety-net system targets a stable operating environment by 2025, Fitch Ratings said Feb. 7.
The rating follows Denver Health's report Feb. 6 of an operating loss of $60.7 million in 2022 amid a challenging expenses environment.
Denver Health provides healthcare services to approximately 25 percent of the city's residents and approximately one-third of Denver's children, Fitch said.
The system, whose flagship is the 555-licensed-bed Denver Health Medical Center acute care hospital, maintains a strong relationship with the city and county and benefits from its status as a safety-net provider, Fitch said.
"The service area should support continued growth and a stable to improving payor mix," the report said.