Summary: Indiana Finance Authority Parkview Health System Obligated Group; Joint Criteria; System

S&P Global Ratings long-term rating on the Indiana Finance Authority's series 2020A, 2018A, 2018B, 2018C, and 2019A bonds is 'AA-'. At the same time, S&P Global Ratings' long-term rating and underlying rating (SPUR) on the authority's series 2009B, 2009C, 2009D, 2012, and 2017A bonds is 'AA-'. Finally, S&P Global Ratings' dual rating on the authority's series 2009B, 2009C, and 2009D bonds is 'AA+/A-1'. All bonds were issued for Parkview Health System Obligated Group (Parkview), Ind. The outlook, were applicable, is stable. The 'AA+' long-term rating components reflect our opinion of the likelihood that debt service will be paid over the life of the issue, and are based on the application of our joint criteria (assuming low correlation) between the 'AA-'

...S&P Global Ratings long-term rating on the Indiana Finance Authority's series 2020A, 2018A, 2018B, 2018C, and 2019A bonds is '##-'. At the same time, S&P Global Ratings' long-term rating and underlying rating (SPUR) on the authority's series 2009B, 2009C, 2009D, 2012, and 2017A bonds is '##-'. Finally, S&P Global Ratings' dual rating on the authority's series 2009B, 2009C, and 2009D bonds is '##+/A-1'. All bonds were issued for Parkview Health System Obligated Group (Parkview), Ind. The outlook, were applicable, is stable. The '##+' long-term rating components reflect our opinion of the likelihood that debt service will be paid over the life of the issue, and are based on the application of our joint criteria (assuming low correlation) between the '##-' SPUR on the obligor's debt and a letter of credit (LOC). The series 2009B and 2009D LOCs are provided by Wells Fargo Bank N.A. (A+/A-1), and the series 2009C LOC is provided by Sumitomo Mitsui Banking Corp (A/A-1). The 'A-1+' short-term...

Summary