Standard & Poor's Ratings Services assigned its 'AA' long-term rating to the Michigan Finance Authority, Mich.'s $325.7 million fixed rate series 2011 bonds, the California Statewide Communities Development Authority's $106.6 million fixed-rate series 2011 bonds, to the Montgomery County, Md.'s $62.9 million fixed rate series 2011 bonds, Franklin County, Ohio's $14.5 million fixed rate series 2011 bonds, the Illinois Finance Authority's $97.8 million fixed rate series 2011 bonds, all issued for Trinity Health, Mich. In addition, Standard & Poor's affirmed its 'AA' long-term rating and underlying rating (SPUR) and 'AA/A-1+' dual rating on various series of debt issued by various parties for Trinity Health. The 'A-1+', short-term component of the dual rating reflects the credit strengths inherent in the 'AA'...
Companies mentioned in this report are:
- Trinity Health Credit Group
- Montgomery Cnty
- Michigan Fin Auth
- Illinois Finance Authority
- California Statewide Communities Dev Auth
Action: New Rating
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 users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis