Moody's Investors Service has assigned an "Aa1/VMIG 1" rating to Salt Lake City-based IHC Health Services' series 2016C, 2016D and 2016E bonds, affecting a total of $200 million.
The rating assignment is based on a number of factors, including IHC's strong and leading market position throughout Utah.
The outlook is negative, reflecting factors such as IHC's rising expenses for pension, IT and bad debt.