S&P lifts Molina Healthcare

S&P said it raised its long-term issuer credit rating on Molina Healthcare Inc. to BB from BB- based on the company’s sustained revenue and operating performance improvements and reduced financial leverage.

The outlook is stable.

“The stable outlook reflects our view that Molina is well-positioned to generate solid revenue and earnings growth in 2024-2025 while maintaining capitalization and leverage metrics that support the rating,” S&P said in a news release.

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