Standard&Poor's Ratings Services has assigned its 'AA' long-term rating on Mayo Clinic, Minn.'s series 2016 $300 million taxable fixed-rate bonds. At the same time Standard&Poor's affirmed all of its outstanding long- and short-term ratings on debt issued for the Mayo Clinic directly and through various issuers. We also affirmed the 'AA/A-1+' and 'AA/A-1' dual ratings on various issuers' debt issued for, or guaranteed by, Mayo Clinic as well as the 'A-1+' on Mayo Clinic's commercial paper program and various bonds that are in commercial paper mode. The outlook remains 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 providers, as well as our
