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 Nov 18, 2019
13 pages (5573 words) — Published Nov 18, 2019
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 $170 million tax-exempt series MI 2019A hospital revenue bonds; Franklin County, Ohio's $130 million series OH 2019A revenue bonds; Michigan Finance Authority's $925 million taxable series 2019-T hospital revenue refunding bonds; Trinity Health's $375 million taxable series 2019; Michigan Finance Authority's $100 million series 2013MI-2 hospital revenue bonds; Michigan Finance Authority's $100 million series 2013MI-4 hospital revenue bonds; and Michigan Finance Authority's $50 million series 2013MI-5 hospital revenue bonds. 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 $170 million tax-exempt series MI 2019A hospital revenue bonds; + Franklin County, Ohio's $130 million series OH 2019A revenue bonds; + Michigan Finance Authority's $925 million taxable series 2019-T hospital revenue refunding bonds; + Trinity Health's $375 million taxable series 2019; + Michigan Finance Authority's $100 million series 2013MI-2 hospital revenue bonds; + Michigan Finance Authority's $100 million series 2013MI-4 hospital revenue bonds; and + Michigan Finance Authority's $50 million series 2013MI-5 hospital revenue bonds. 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
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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.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Michigan Finance Authority Trinity Health Credit Group; CP; System" Nov 18, 2019. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Michigan-Finance-Authority-Trinity-Health-Credit-Group-CP-System-2341843>
  
APA:
S&P Global Ratings’ Credit Research. (). Michigan Finance Authority Trinity Health Credit Group; CP; System Nov 18, 2019. 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-2341843>
  
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