S&P Global Ratings affirmed its 'AA+/A-1' rating on the Indiana Finance Authority's series 2009C hospital revenue bonds, issued on behalf of the Parkview Health System Obligated Group (Parkview Health). The affirmation reflects the July 20, 2016, substitution of the existing letter of credit (LOC) provided by PNC Bank N.A. with a new LOC provided by Sumitomo Mitsui Banking Corp. (SMBC), acting through its New York branch. The long-term component of the rating reflects the joint support of the LOC provided by SMBC and the underlying rating (SPUR) on Parkview Health, the obligor, assuming a low correlation level. The short-term component of the rating solely reflects our short-term rating on SMBC. Pursuant to the terms of the bond documents, the trustee
