Moody's ups Trinity Health, Mich., rating to VMIG1

Moody's Investors Service said it affirmed the long-term rating at Aa2 and upgraded the short-term rating to VMIG1 from VMIG2 on Michigan State Hospital Finance Authority's $52.965 million variable-rate revenue bonds for Trinity Health Credit Group, series 2005H.

The bonds are supported by an insurance policy from CIFG Assurance North America, Inc. and a standby bond purchase agreement from the Bank of Nova Scotia.

The affirmation of the long-term rating and upgrade of the short-term rating are in connection with the execution of permanent amendments to standby bond purchase agreement.

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