Moody's Investors Service affirmed its "Aa2" rating of Arlington-based Texas Health Resources' revenue bonds.
The affirmation is based on several factors, including the health system's leading market and strong cash positions, good debt coverage and stable financial performance. Moody's also acknowledged Texas Health Resources' softer volume trends and its execution of growth strategies, which may pressure margins.
The outlook is stable, reflecting Moody's expectation the health system will maintain its healthy financial performance and strong liquidity position.