Michigan Finance Authority Trinity Health Credit Group; CP; System - S&P Global Ratings’ Credit Research

Michigan Finance Authority Trinity Health Credit Group; CP; System

Michigan Finance Authority Trinity Health Credit Group; CP; System - S&P Global Ratings’ Credit Research
Michigan Finance Authority Trinity Health Credit Group; CP; System
Published Dec 13, 2018
13 pages (5346 words) — Published Dec 13, 2018
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA-' long-term rating to the following bonds, all issued for the Trinity Health Credit Group (Trinity Health), Mich.: Michigan Finance Authority's $212.755 million series 2019MI-1 hospital revenue bonds; Michigan Finance Authority's $40.9 million series 2019MI-2 hospital revenue and refunding bonds; Idaho Health Facilities Authority's $44.035 million series 2019ID hospital revenue bonds; Saint Mary Hospital Authority, Pa.'s $21.695 million series 2019PA-1 revenue bonds; Saint Mary Hospital Authority, Pa.'s $30 million series 2019PA-2 revenue and refunding bonds; Michigan Finance Authority's $100 million series 2013MI-2; and Michigan Finance Authority's $75 million series 2016MI-2. In addition, we affirmed our 'AA-' long-term rating, 'AA-/A-1+' dual rating, and 'A-1+' short-term rating on various series of existing debt issued for Trinity Health.

  
Brief Excerpt:

...S&P Global Ratings assigned its '##-' long-term rating to the following bonds, all issued for the Trinity Health Credit Group (Trinity Health), Mich.: + Michigan Finance Authority's $212.755 million series 2019MI-1 hospital revenue bonds; + Michigan Finance Authority's $40.9 million series 2019MI-2 hospital revenue and refunding bonds; + Idaho Health Facilities Authority's $44.035 million series 2019ID hospital revenue bonds; + Saint Mary Hospital Authority, Pa.'s $21.695 million series 2019PA-1 revenue bonds; + Saint Mary Hospital Authority, Pa.'s $30 million series 2019PA-2 revenue and refunding bonds; + Michigan Finance Authority's $100 million series 2013MI-2; and + Michigan Finance Authority's $75 million series 2016MI-2. In addition, we affirmed our '##-' long-term rating, '##-/A-1+' dual rating, and 'A-1+' short-term rating on various series of existing debt issued for Trinity Health. The 'A-1+' short-term component of the dual ratings and our 'A-1+'...

  
Report Type:

Full Report

Ticker
27822Z
Issuer
Trinity Health Credit Group
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Michigan Finance Authority Trinity Health Credit Group; CP; System" Dec 13, 2018. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Michigan-Finance-Authority-Trinity-Health-Credit-Group-CP-System-2144200>
  
APA:
S&P Global Ratings’ Credit Research. (). Michigan Finance Authority Trinity Health Credit Group; CP; System Dec 13, 2018. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Michigan-Finance-Authority-Trinity-Health-Credit-Group-CP-System-2144200>
  
US$ 500.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.