Standard&Poor's Ratings Services assigned its 'AA' long-term rating to the Michigan Finance Authority's $106.93 million fixed rate series 2012MI bonds, all issued for Trinity Health, Mich. In addition, Standard&Poor's affirmed its 'AA' long-term rating and underlying rating (SPUR) and 'AA/A-1+' dual rating on various series of debt issued by various parties for Trinity Health. The outlook, where applicable, is stable. The 'A-1+', short-term component of the dual rating reflects the credit strengths inherent in the 'AA' long-term rating, as well as our view that Trinity Health's assets provide sufficient liquidity support for approximately $1.2 billion of variable-rate debt. Trinity Health has clear and detailed procedures to meet any liquidity demands on a timely basis. Standard&
