Mayo Clinic, MN 2018 Health Care Facilities Revenue Bonds Rated 'AA'; Outlook Stable - S&P Global Ratings’ Credit Research

Mayo Clinic, MN 2018 Health Care Facilities Revenue Bonds Rated 'AA'; Outlook Stable

Mayo Clinic, MN 2018 Health Care Facilities Revenue Bonds Rated 'AA'; Outlook Stable - S&P Global Ratings’ Credit Research
Mayo Clinic, MN 2018 Health Care Facilities Revenue Bonds Rated 'AA'; Outlook Stable
Published Aug 30, 2018
3 pages (1247 words) — Published Aug 30, 2018
Price US$ 150.00  |  Buy this Report Now

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Abstract:

SAN FRANCISCO (S&P Global Ratings) Aug. 30, 2018--S&P Global Ratings has assigned its 'AA' long-term rating to Rochester, Minn.'s $200 million series 2018 health care facilities revenue bonds issued for the Mayo Clinic. S&P Global Ratings also affirmed its outstanding 'AA' long-term ratings on debt issued for Mayo Clinic directly and through various issuers. We also affirmed our 'AA/A-1+' and 'AA/A-1' dual ratings on various debt issued for, or guaranteed by, the Mayo Clinic, as well as our 'A-1+' rating on Mayo Clinic's commercial paper (CP) program and various bonds that are in CP mode. The outlook on all ratings is stable where applicable. "The long-term rating on Mayo Clinic reflects a stellar enterprise profile as one of the country's

  
Brief Excerpt:

...SAN FRANCISCO (S&P Global Ratings) Aug. 30, 2018--S&P Global Ratings has assigned its '##' long-term rating to Rochester, Minn.'s $200 million series 2018 health care facilities revenue bonds issued for the Mayo Clinic. S&P Global Ratings also affirmed its outstanding '##' long-term ratings on debt issued for Mayo Clinic directly and through various issuers. We also affirmed our '##/A-1+' and '##/A-1' dual ratings on various debt issued for, or guaranteed by, the Mayo Clinic, as well as our 'A-1+' rating on Mayo Clinic's commercial paper (CP) program and various bonds that are in CP mode. The outlook on all ratings is stable where applicable. "The long-term rating on Mayo Clinic reflects a stellar enterprise profile as one of the country's leading health care organizations including many top rankings across the country," said S&P Global Ratings credit analyst Martin Arrick. Mayo Clinic has a diverse group of operating assets, though it relies on its Rochester, Minn. flagship campus--two...

  
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Ratings Action

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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Mayo Clinic, MN 2018 Health Care Facilities Revenue Bonds Rated 'AA'; Outlook Stable" Aug 30, 2018. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Mayo-Clinic-MN-2018-Health-Care-Facilities-Revenue-Bonds-Rated-AA-Outlook-Stable-2093329>
  
APA:
S&P Global Ratings’ Credit Research. (). Mayo Clinic, MN 2018 Health Care Facilities Revenue Bonds Rated 'AA'; Outlook Stable Aug 30, 2018. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Mayo-Clinic-MN-2018-Health-Care-Facilities-Revenue-Bonds-Rated-AA-Outlook-Stable-2093329>
  
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