Salt Lake City-based Intermountain Health had an “AA+” rating on several bonds affirmed as the 33-hospital system continues to enjoy a strong financial profile and relatively low debt, Becker’s reports, citing an S&P Global note.
Such ratings are the highest in the U.S. nonprofit healthcare sector, the report said. Intermountain Health also had an “AA” rating assigned on 2019 bonds, and the outlook for all such debt is stable.
Intermountain Health continues to enjoy strong market share in the seven western states it operates in. Robust earnings throughout the pandemic and the system’s “modest leverage” also boost its standing, S&P said.
