S&P assigns ‘BBB-‘ rating to Trinity Health’s bonds

S&P Global Ratings assigned its “BBB-” rating to Minot, N.D.-based Trinity Health’s proposed $363 million series 2017C revenue bonds.

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The assignment is a result of several positive and negative factors including, Trinity Health’s dominant market share, improving operating margins, more rural service area and high debt burden.

The outlook is stable, reflecting Trinity Health’s improving financial profile and dominant market position.

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