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Fitch gives F1+ to Trinity Health, Mich., bonds
Fitch Ratings said it assigned a short-term rating of F1+ to Trinity Health Credit Group, Mich., based on its self-liquidity related to an expected tender offer to buy at par a total of about $600 million of outstanding auction-rate bonds, series 2002A and B; series 2003A to H; series 2004A and D to F; and series 2005 B, C and I.
In addition, Fitch said it affirmed the AA long-term rating on all of the group's outstanding debt.
The outlook is stable.
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