Mayo Foundation, MN's Fixed-Rate Bonds Rated 'AA' on Increased Financial Leverage - S&P Global Ratings’ Credit Research

Mayo Foundation, MN's Fixed-Rate Bonds Rated 'AA' on Increased Financial Leverage

Mayo Foundation, MN's Fixed-Rate Bonds Rated 'AA' on Increased Financial Leverage - S&P Global Ratings’ Credit Research
Mayo Foundation, MN's Fixed-Rate Bonds Rated 'AA' on Increased Financial Leverage
Published Sep 05, 2001
Published Sep 05, 2001
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Sept. 5, 2001--Standard&Poor's today assigned its double-'A' rating to Jacksonville Economic Development Commission, Fla.'s $100 million fixed-rate securities health care revenue bonds series 2001B, issued for the Mayo Foundation, headquartered in Rochester, Minn. The bonds are scheduled to sell Sept. 11, 2001. In addition, Standard&Poor's lowered its rating to double-'A' from double-'A'-plus on long-term debt issued by Jacksonville Health Facilities Authority, Fla.; Maricopa County Industrial Development Authority, Ariz.; Rochester, Minn.; and Wisconsin Health and Educational Facilities Authority for the Mayo Foundation. The outlook is stable. The short-term ratings of bonds outstanding that carry both a long and short -term rating are unaffected by this action, as the short-term ratings reflect SBPAs

  
Report Type:

Ratings Action

Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Mayo Foundation, MN's Fixed-Rate Bonds Rated 'AA' on Increased Financial Leverage" Sep 05, 2001. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Mayo-Foundation-MN-s-Fixed-Rate-Bonds-Rated-AA-on-Increased-Financial-Leverage-208417>
  
APA:
S&P Global Ratings’ Credit Research. (). Mayo Foundation, MN's Fixed-Rate Bonds Rated 'AA' on Increased Financial Leverage Sep 05, 2001. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Mayo-Foundation-MN-s-Fixed-Rate-Bonds-Rated-AA-on-Increased-Financial-Leverage-208417>
  
US$ 150.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.