Trinity Health Credit Group, MI Series 2017 Revenue Bonds Rated 'AA-'; Outlook Stable

NEW YORK (S&P Global Ratings) Nov. 29, 2017--S&P Global Ratings assigned its 'AA-' long-term rating to Michigan Finance Authority's $770 million series A 2017MI revenue bonds; Idaho Health Facilities Authority's $43 million series A 2017ID revenue bonds; Franklin County, Ohio's $76 million series A 2017OH revenue bonds; and $58 million taxable bonds, all issued for the Trinity Health Credit Group (Trinity Health), Mich. Trinity Health also plans to increase the par amount of its series 2015 taxable financing by $70 million, which we have factored into this rating affirmation. In addition, we affirmed our 'AA-' long-term rating and 'AA-/A-1+' dual rating on various series of outstanding debt issued for Trinity Health. The 'A-1+' short-term component of the dual ratings and

...NEW YORK (S&P Global Ratings) Nov. 29, 2017--S&P Global Ratings assigned its '##-' long-term rating to Michigan Finance Authority's $770 million series A 2017MI revenue bonds; Idaho Health Facilities Authority's $43 million series A 2017ID revenue bonds; Franklin County, Ohio's $76 million series A 2017OH revenue bonds; and $58 million taxable bonds, all issued for the Trinity Health Credit Group (Trinity Health), Mich. Trinity Health also plans to increase the par amount of its series 2015 taxable financing by $70 million, which we have factored into this rating affirmation. In addition, we affirmed our '##-' long-term rating and '##-/A-1+' dual rating on various series of outstanding debt issued for Trinity Health. The 'A-1+' short-term component of the dual ratings and our 'A-1+' rating on Trinity Health's commercial paper reflects our view of the credit strengths inherent in the '##-' long-term rating, as well as our view that Trinity Health's assets provide sufficient support for any...

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