Mayo Clinic, Minnesota; CP; System - S&P Global Ratings’ Credit Research

Mayo Clinic, Minnesota; CP; System

Mayo Clinic, Minnesota; CP; System - S&P Global Ratings’ Credit Research
Mayo Clinic, Minnesota; CP; System
Published Jul 21, 2017
13 pages (6696 words) — Published Jul 21, 2017
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings has affirmed its '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 issuers' 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 '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. We withdrew the rating on the

  
Brief Excerpt:

...S&P Global Ratings has affirmed its '##' 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 issuers' 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 '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. We withdrew the rating on the series 2000A-C bonds to ## because they were redeemed. The long-term rating on Mayo Clinic reflects a stellar enterprise profile as one of the country's leading health systems. Mayo Clinic has a diverse group of operating assets, though it relies on its Rochester,...

  
Report Type:

Full Report

Issuer
Sector
Global Issuers, Public Finance
Country
Region
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Mayo Clinic, Minnesota; CP; System" Jul 21, 2017. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Mayo-Clinic-Minnesota-CP-System-1888033>
  
APA:
S&P Global Ratings’ Credit Research. (). Mayo Clinic, Minnesota; CP; System Jul 21, 2017. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Mayo-Clinic-Minnesota-CP-System-1888033>
  
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