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Mountain States Health Alliance, TN -- Moody's revises Ballad Health's (TN) and Mountain States Health Alliance's (TN) outlook to positive; Baa1 rating affirmed

Moody's Investors Service has affirmed Ballad Health's (TN) and Mountain States Health Alliance's (MSHA, TN) Baa1 revenue bond ratings, affecting $535 million and $184 million of rated debt, respectively. The revision of the outlook to positive reflects Moody's expectations that Ballad Health will continue to gain meaningful synergies within the regulatory framework established by the states of Tennessee and Virginia and prepare for a large IT installation at its legacy MSHA facilities. Moody's also expects Ballad will negotiate favorable managed care rates under state imposed rate caps.