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Summary: Benedictine Health System-Saint Marys Duluth Clinic Health System Obligated Group, MN Mar 06 Product Image

Summary: Benedictine Health System-Saint Marys Duluth Clinic Health System Obligated Group, MN Mar 06

  • Published: March 2006
  • Standard & Poors

Abstract
The rating on Morgan Stanley & Co. Inc. Trust's floater certificates, series 2004-895, relating to the Benedictine Health System Obligated Group, Minn.'s series 1993 health care facilities revenue bonds, has been affirmed subsequent to amendments to the trust documents effective March 6, 2006. Standard & Poor's Ratings Services determined that the amendments will not affect the rating on the bonds. The long-term component of the rating is based on the Ambac Assurance Corp.-insured underlying bond. The short-term component of the rating is based on a guarantee provided by Morgan Stanley and a liquidity facility provided by Morgan Stanley Municipal Funding Inc. until Feb. 9, 2007. The rating on Morgan Stanley & Co. Inc. Trust's residual certificates, series 2004-895, relating to...

Companies mentioned in this report are:
- Essentia Hlth Obligated Grp
- Morgan Stanley & Co Inc Tr

Action: Affirmed

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets READ MORE >

- Essentia Hlth Obligated Grp
- Morgan Stanley & Co Inc Tr

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