Summary: Trinity Hlth , MI; Public Finance Structured, Liquidity Facility - S&P Global Ratings’ Credit Research

Summary: Trinity Hlth , MI; Public Finance Structured, Liquidity Facility

Summary: Trinity Hlth , MI; Public Finance Structured, Liquidity Facility - S&P Global Ratings’ Credit Research
Summary: Trinity Hlth , MI; Public Finance Structured, Liquidity Facility
Published Nov 15, 2004
642 words — Published Nov 15, 2004
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Abstract:

Standard&Poor's Ratings Services assigned its 'AAA/A-1+' rating to the County of Franklin, Ohio's variable rate revenue bonds, series 2004C-1 and 2004C-2, issued on behalf of Trinity Health Credit Group. The 'AAA' long-term rating is based on a bond insurance policy provided by Financial Guaranty Insurance Corp. ('AAA'). The 'A-1+' short-term rating is based on a standby bond purchase agreement (SBPA) provided by U.S. Bank National Association ('AA-/A-1+'). The SBPA provides coverage for the purchase price of tendered certificates that are not successfully remarketed, including the principal of and interest on the certificates for a maximum of 35 days at 10% per annum in the daily and weekly rate modes. Bonds are initially issued in a weekly rate mode

  
Brief Excerpt:

RESEARCH Summary: Trinity Hlth , MI; Public Finance Structured, Liquidity Facility Publication date: 15-Nov-2004 Credit Profile US$22.410 mil var rate rev bnds (Trinity Hlth) ser 2004 C-1 due 12/01/2038 ###/A-1+ Sale date: 17-NOV-2004...

  
Report Type:

Summary

Ticker
27822Z
Issuer
Sector
Global Issuers, Public Finance
Country
Region
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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.

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Trinity Hlth , MI; Public Finance Structured, Liquidity Facility" Nov 15, 2004. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Trinity-Hlth-MI-Public-Finance-Structured-Liquidity-Facility-407026>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Trinity Hlth , MI; Public Finance Structured, Liquidity Facility Nov 15, 2004. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Trinity-Hlth-MI-Public-Finance-Structured-Liquidity-Facility-407026>
  
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