NEW YORK (Standard&Poor's) Oct. 11, 2013--Standard&Poor's Ratings Services lowered its ratings on Deutsche Bank Securities Inc. Receipts' series DB-1139 short puttable exempt adjustable receipts (SPEARS) and long inverse floating exempt receipts (LIFERS), relating to Michigan Finance Authority's (Trinity Health Credit Group) hospital revenue and refunding bonds series 2011MI term bonds, to 'AA-/A-1' and 'AA-', respectively, from 'AA/A-1' and 'AA', respectively. This action follows Standard&Poor's Oct. 3, 2013, lowering of its rating on the underlying bonds to 'AA-' from 'AA' (see, "Trinity Health, MI And Catholic Health East, PA Ratings Revised After Merger", published Oct. 3, 2013, on RatingsDirect). The long-term component of the ratings on the SPEARS and LIFERS is based on the rating on
