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Beaumont, Trinity, McLaren find time is right for bond sale

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Jay Greene - After several years of waiting for the tax-exempt bond market to improve, Beaumont Health and several other hospital systems based in Southeast Michigan have found the water is just right now for issuing municipal bonds. On Wednesday, Beaumont issued a $300 million series 2016A bond through the Michigan Finance Authority. Credit rating agencies Moody's Investor Services and Standard & Poor's assigned the bonds ratings of A1 and A, respectively. "We have one obligated group and a single

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