Salt Lake City-based Intermountain Health saw its robust credit ratings affirmed because of its strong market share and cash levels, Moody's said June 29.
Expected improvements in its operating margin after a downturn in fiscal 2022 also played into the "Aa1" ratings and a stable outlook for the 32-hospital system.
"The outlook also assumes Intermountain will maintain very strong days cash and cash to debt metrics despite moderation due to investment losses and future capital needs," Moody's added.
Intermountain, which had an "AA+" rating affirmed by S&P Global June 8, has about $4.3 billion of total debt outstanding.