The criteria emphasizes UCHealth's strong net adjusted capital ratios
through-the-cycle, broad reach for high-acuity services as the states only academic medical center (AMC), leading market share position for key high-acuity services in the Denver metro area, generally strong service area characteristics, and strong operating EBITDA margins.
Berlin Hyp's standalone credit profile also benefits from the bank's stable earnings generation throughout the financial crisis and adequate risk adjusted capital ratios
, as reflected in a Basel II Tier 1 ratio of 10.6% at year-end 2013.
Moody's noted that the banks' capital levels are "weak" and stated risk- adjusted capital ratios
are "overstated" due to the banks' high exposures to zero- risk-weighted Government securities.
BIF loss ratios adjusted for changes in assets in the last year (BIF losses divided by total assets one year before failure) are lower for banks with adjusted capital ratios
below 5 percent for longer periods.
The criteria emphasizes Kaiser's strong net adjusted capital ratios
, market share lead in California and other key markets, and Fitch's expectation of continued operating margins to support elevated capital spending.