S&P Global Ratings assigned its 'AA' long-term rating to the Indiana Finance Authority ?s tax-exempt health system revenue bonds series 2025C, 2025D (subseries D-1, D-2, D-3, D-4, and D-5) and 2025E, issued for Indiana University Health Obligated Group . At the same time, S&P Global Ratings affirmed its 'AA' long-term rating on the various taxable bonds issued by the obligated group, and its 'AA' long-term rating on various tax-exempt bonds issued by the authority for the obligated group. The outlook is stable. Our analysis is based on Indiana University Health Inc. and subsidiaries (IU Health). A pledge of the obligated group?s gross receivables secures both the new and existing bonds. The proceeds from issuance of the series 2025 bonds, estimated
