...March 15, 2022 CHICAGO (S&P Global Ratings) March 15, 2022--S&P Global Ratings assigned its '##' long-term rating to the City of Rochester, Minn.'s $265.3 million series 2022 fixed-rate tax-exempt bonds and the Industrial Development Authority (IDA) of the City of Phoenix's $251.9 million series 2022 fixed-rate tax-exempt bonds, both issued for Mayo Clinic. 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. The outlook, where applicable, is stable. "The long-term rating on Mayo Clinic reflects its exceptionally strong enterprise profile as one of the country's leading health care organizations, including many top rankings, and with significant investments in research, education, and technology that should support its leadership in clinical care advancements and treatments,"...
