NEW YORK (Standard&Poor's) Dec. 8, 2004--Standard&Poor's Ratings Services said it affirmed its 'AA' long-term ratings and 'A-1+' and 'A-1' short-term ratings on Mayo Foundation's (Mayo) health care facilities revenue bonds, issued by various issuers. The outlook is stable. The short-term ratings applicable to certain bonds that were issued for Mayo reflect standby bond purchase agreements from various financial institutions that are in effect. The affirmed 'A-1+' short-term ratings applicable to Rochester, Minn.'s $90 million series 1992 bonds and Jacksonville Health Facilities Authority, Fla.'s $70 million series 2001 bonds reflect the backing of Mayo's own liquidity only. "The long-term 'AA' rating on Mayo's debt reflects its strong and unique business position as the nation's largest multispecialty group
