MidMichigan Health   Michigan Finance Authority; System - S&P Global Ratings’ Credit Research

MidMichigan Health Michigan Finance Authority; System

MidMichigan Health   Michigan Finance Authority; System - S&P Global Ratings’ Credit Research
MidMichigan Health Michigan Finance Authority; System
Published Mar 22, 2022
10 pages (4612 words) — Published Mar 22, 2022
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings affirmed its 'A+' long-term rating on MidMichigan Health's existing outstanding taxable and tax-exempt debt. The outlook is stable. Effective Dec. 1, 2021, MidMichigan Health changed its name to MyMichigan Health (MyMichigan) as part of a broad rebranding effort to better reflect its system's expanding footprint. The 'A+' rating reflects our view of MyMichigan's financial profile, which is highlighted by marked balance sheet growth (in part due to the series 2020 taxable issuance and investment gains) since 2019 and healthy maximum annual debt service (MADS) coverage. The rating is further supported by consistently solid operating surpluses that have improved in fiscal 2021 and interim fiscal 2022 from historic results (in part due to COVID-19 relief funds coupled with

  
Brief Excerpt:

...S&P Global Ratings affirmed its 'A+' long-term rating on MidMichigan Health's existing outstanding taxable and tax-exempt debt. The outlook is stable. Effective Dec. 1, 2021, MidMichigan Health changed its name to MyMichigan Health (MyMichigan) as part of a broad rebranding effort to better reflect its system's expanding footprint....

  
Report Type:

Full Report

Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
PDF Adobe Acrobat
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MidMichigan Health, Michigan; System – 2023/11/01 – US$ 500.00

Summary: MidMichigan Health, Michigan; System – 2023/11/01 – US$ 225.00

MyMichigan Health; System – 2026/10/28 – US$ 500.00

MidMichigan Health; System – 2020/10/12 – US$ 500.00

Summary: MidMichigan Health; System – 2020/10/12 – US$ 225.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "MidMichigan Health Michigan Finance Authority; System" Mar 22, 2022. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/MidMichigan-Health-Michigan-Finance-Authority-System-2812917>
  
APA:
S&P Global Ratings’ Credit Research. (). MidMichigan Health Michigan Finance Authority; System Mar 22, 2022. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/MidMichigan-Health-Michigan-Finance-Authority-System-2812917>
  
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