Trinity Health Credit Group, Michigan; CP; System

S&P Global Ratings assigned its 'AA-' long-term rating to $300 million series 2021 taxable bonds issued by the Trinity Health Credit Group (Trinity Health), Mich. At the same time, we affirmed our 'AA-' long-term rating, 'AA-/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 Health's commercial paper reflects our view of the credit strengths inherent in the 'AA-' long-term rating, as well as our view that Trinity Health's assets provide sufficient support for any liquidity demands associated with this debt. S&P Global Ratings monitors the liquidity and sufficiency of Trinity Health's assets monthly. The outlook on all long-term

...S&P Global Ratings assigned its '##-' long-term rating to $300 million series 2021 taxable bonds issued by the Trinity Health Credit Group (Trinity Health), Mich. 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 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 liquidity demands associated with this debt. S&P Global Ratings monitors the liquidity and sufficiency of Trinity Health's assets monthly. The outlook on all long-term ratings is stable. Bond proceeds will be used for general corporate purposes including bolstering Trinity Health's balance sheet during the pandemic or to repay outstanding debt....

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