Trinity Health Credit Group, MI 2022A-B Bonds Rated 'AA-'

AUGUSTA (S&P Global Ratings) Dec. 10, 2021-- S&P Global Ratings assigned its 'AA-' long-term rating to Michigan Finance Authority's $225 million series 2022A and $75 million series 2022B tax-exempt bonds issued by the Trinity Health Credit Group (Trinity Health), Mich. The series 2022A bonds will be issued as fixed rate. Management is currently considering issuing the series 2022B bonds as either floating rate notes or put bonds with a final decision pending market conditions; our rating on the series 2022B bonds would apply in either case. Trinity Health also plans to remarket its outstanding 2016MI-2 bonds to the fixed rate mode from the floating rate mode sometime before the February 1, 2022, mandatory tender date. At the same time, we

...December 10, 2021 AUGUSTA (S&P Global Ratings) Dec. 10, 2021-- S&P Global Ratings assigned its '##-' long-term rating to Michigan Finance Authority's $225 million series 2022A and $75 million series 2022B tax-exempt bonds issued by the Trinity Health Credit Group (Trinity Health), Mich. The series 2022A bonds will be issued as fixed rate. Management is currently considering issuing the series 2022B bonds as either floating rate notes or put bonds with a final decision pending market conditions; our rating on the series 2022B bonds would apply in either case. Trinity Health also plans to remarket its outstanding 2016MI-2 bonds to the fixed rate mode from the floating rate mode sometime before the February 1, 2022, mandatory tender date. At the same time, we affirmed our '##-' long-term rating, '##-/A-1+' dual rating, and 'A-1+' short-term rating on various series of existing debt issued for Trinity Health. The 'A-1+' short-term component of the dual ratings and our 'A-1+' rating on Trinity...

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