Mayo Clinic, MN Fixed-Rate Taxable Revenue Bonds Assigned 'AA' Rating - S&P Global Ratings’ Credit Research

Mayo Clinic, MN Fixed-Rate Taxable Revenue Bonds Assigned 'AA' Rating

Mayo Clinic, MN Fixed-Rate Taxable Revenue Bonds Assigned 'AA' Rating - S&P Global Ratings’ Credit Research
Mayo Clinic, MN Fixed-Rate Taxable Revenue Bonds Assigned 'AA' Rating
Published Mar 16, 2021
3 pages (1416 words) — Published Mar 16, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

CHICAGO (S&P Global Ratings) March 16, 2021--S&P Global Ratings assigned its 'AA' long-term rating to Mayo Clinic, Minn.'s series 2021 fixed-rate taxable revenue bonds. In addition, S&P Global Ratings affirmed its 'AA' long-term rating on debt outstanding issued for Mayo Clinic directly and through various issuers. At the same time, we affirmed our 'AA/A-1+' and 'AA/A-1' dual ratings on various debt issued for, or guaranteed by, Mayo Clinic, as well as our 'A-1+' short-term rating on Mayo Clinic's commercial paper (CP) program and various bonds that are in CP mode. The outlook, where applicable, is stable. The 'A-1+' and 'A-1' short-term components of the affirmed ratings reflect the short-term ratings on the various standby bond purchase agreement (SBPA) providers, as

  
Brief Excerpt:

...March 16, 2021 CHICAGO (S&P Global Ratings) March 16, 2021--S&P Global Ratings assigned its '##' long-term rating to Mayo Clinic, Minn.'s series 2021 fixed-rate taxable revenue bonds. In addition, S&P Global Ratings affirmed its '##' long-term rating on debt outstanding issued for Mayo Clinic directly and through various issuers. At the same time, we affirmed our '##/A-1+' and '##/A-1' dual ratings on various debt issued for, or guaranteed by, Mayo Clinic, as well as our 'A-1+' short-term rating on Mayo Clinic's commercial paper (CP) program and various bonds that are in CP mode. The outlook, where applicable, is stable. The 'A-1+' and 'A-1' short-term components of the affirmed ratings reflect the short-term ratings on the various standby bond purchase agreement (SBPA) providers, as well as our assessment of Mayo Clinic's self-liquidity and its procedures for providing the funds in a timely manner. "The long-term rating on Mayo Clinic reflects an exceptionally strong enterprise profile...

  
Report Type:

Ratings Action

Issuer
Mayo Clinic
Sector
Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Mayo Clinic, MN Fixed-Rate Taxable Revenue Bonds Assigned 'AA' Rating" Mar 16, 2021. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Mayo-Clinic-MN-Fixed-Rate-Taxable-Revenue-Bonds-Assigned-AA-Rating-2612311>
  
APA:
S&P Global Ratings’ Credit Research. (). Mayo Clinic, MN Fixed-Rate Taxable Revenue Bonds Assigned 'AA' Rating Mar 16, 2021. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Mayo-Clinic-MN-Fixed-Rate-Taxable-Revenue-Bonds-Assigned-AA-Rating-2612311>
  
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