Summary: Michigan State Hospital Finance Authority   Trinity Health; Liquidity Facility - S&P Global Ratings’ Credit Research

Summary: Michigan State Hospital Finance Authority Trinity Health; Liquidity Facility

Summary: Michigan State Hospital Finance Authority   Trinity Health; Liquidity Facility - S&P Global Ratings’ Credit Research
Summary: Michigan State Hospital Finance Authority Trinity Health; Liquidity Facility
Published Jan 24, 2008
Published Jan 24, 2008
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Abstract:

Standard&Poor's Ratings Services lowered its rating on Michigan State Hospital Finance Authority's (Trinity Health) variable-rate refunding and revenue bonds (Trinity Health Credit Group) series 2000E to 'AAA/A-1' from 'AAA/A-1+' due to the substitution of a SBPA provided by JPMorgan Chase Bank N.A. (A-1+) with a SBPA provided by Comerica Bank (A-1). The 'AAA' long-term component of the rating is based on the credit quality of the insurance provider, Ambac Assurance Corp. (AAA). The substitute SBPA being provided by Comerica Bank (A-1) has an effective date of Jan. 18, 2008, and shall provide coverage for principle and 34 days of interest at 12% for the purchase price of bonds that are not successfully remarketed. The SBPA is scheduled to

  
Report Type:

Summary

Ticker
27822Z
Issuer
Sector
Global Issuers, Public Finance
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Michigan State Hospital Finance Authority Trinity Health; Liquidity Facility" Jan 24, 2008. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Michigan-State-Hospital-Finance-Authority-Trinity-Health-Liquidity-Facility-627475>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Michigan State Hospital Finance Authority Trinity Health; Liquidity Facility Jan 24, 2008. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Michigan-State-Hospital-Finance-Authority-Trinity-Health-Liquidity-Facility-627475>
  
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