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Summary: Michigan State Hospital Finance Authority Munising Memorial Hospital Association; Letter of Credit Oct 11 Product Image

Summary: Michigan State Hospital Finance Authority Munising Memorial Hospital Association; Letter of Credit Oct 11

  • ID: 1928381
  • October 2011
  • Region: Michigan
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'AA/A-1+' rating on Michigan State Hospital Finance Authority's (Munising Memorial Hospital Association) variable-rate demand revenue bonds series 2006, due to the bank facility being extended to Sept. 27, 2012. The long-term and short-term components of the rating are based on the rating on Banco Santander S.A. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009...

Companies mentioned in this report are: Munising Mem Hosp Assn,Michigan St Hosp Fin Auth
Action: Affirmed

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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Munising Mem Hosp Assn,Michigan St Hosp Fin Auth

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