Summary: CHE Trinity Health Credit Group (d/b/a Trinity Health), Michigan; CP; System - S&P Global Ratings’ Credit Research

Summary: CHE Trinity Health Credit Group (d/b/a Trinity Health), Michigan; CP; System

Summary: CHE Trinity Health Credit Group (d/b/a Trinity Health), Michigan; CP; System - S&P Global Ratings’ Credit Research
Summary: CHE Trinity Health Credit Group (d/b/a Trinity Health), Michigan; CP; System
Published Dec 08, 2014
8 pages (2370 words) — Published Dec 08, 2014
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services affirmed its 'AA-' long-term ratings on various series (various issuers) and its 'AA-/A-1+' dual ratings on various series (various issuers) on bonds issued for the CHE Trinity Health Credit Group (d/b/a Trinity Health). The outlook on all ratings is stable. The 'AA-' rating is based on our view of Trinity's group credit profile (GCP) and the obligated group's "core" status. Accordingly, we rate the bonds at the same level as the GCP. The 'A-1+' short-term component of the dual ratings reflects our view of the credit strengths inherent in the 'AA-' long-term rating, as well as our view that Trinity's assets provide sufficient self-liquidity support for its variable-rate debt. Trinity has clear and detailed procedures

  
Brief Excerpt:

...Standard & Poor's Ratings Services affirmed its '##-' long-term ratings on various series (various issuers) and its '##-/A-1+' dual ratings on various series (various issuers) on bonds issued for the CHE Trinity Health Credit Group (d/b/a Trinity Health). The outlook on all ratings is stable. The '##-' rating is based on our view of Trinity's group credit profile (GCP) and the obligated group's "core" status. Accordingly, we rate the bonds at the same level as the GCP. The 'A-1+' short-term component of the dual ratings reflects our view of the credit strengths inherent in the '##-' long-term rating, as well as our view that Trinity's assets provide sufficient self-liquidity support for its variable-rate debt. Trinity has clear and detailed procedures to meet any liquidity demands on a timely basis. Standard & Poor's monitors the liquidity and sufficiency of Trinity's fixed-income assets on a monthly basis. In our opinion, the merger of the former Trinity Health and CHE has created opportunities...

  
Report Type:

Summary

Ticker
27822Z
Issuer
Trinity Health Credit Group
Sector
Global Issuers, Public 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. "Summary: CHE Trinity Health Credit Group (d/b/a Trinity Health), Michigan; CP; System" Dec 08, 2014. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-CHE-Trinity-Health-Credit-Group-d-b-a-Trinity-Health-Michigan-CP-System-1373571>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: CHE Trinity Health Credit Group (d/b/a Trinity Health), Michigan; CP; System Dec 08, 2014. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-CHE-Trinity-Health-Credit-Group-d-b-a-Trinity-Health-Michigan-CP-System-1373571>
  
US$ 225.00
$  £  €
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 Credit Research from one place.