The outlook revision reflects Moody’s Investors Services’ concerns regarding greater expenses at IHC’s hospitals for pension, IT and rising bad debt.
Moody’s also assigned an “Aa1” rating to IHC’s proposed series 2016A and series 2016B fixed rate bonds, affecting a total of $242 million. The rating assignment reflects the system’s strong and leading market position throughout Utah.
IHC Health Services is a subsidiary of Intermountain Healthcare.
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