Rochester, Minnesota Mayo Clinic; CP; System

S&P Global Ratings has assigned its 'AA' rating to Rochester, Minn.'s series 2016B $290 million health care facilities revenue refunding bonds issued for the Mayo Clinic. At the same time, we affirmed all of our outstanding long- and short-term ratings on debt issued for the 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 the 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

...S&P Global Ratings has assigned its '##' rating to Rochester, Minn.'s series 2016B $290 million health care facilities revenue refunding bonds issued for the Mayo Clinic. At the same time, we affirmed all of our outstanding long- and short-term ratings on debt issued for the 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 the 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 the Mayo Clinic's self-liquidity and its procedures for providing the funds in a timely manner. The long-term rating on the Mayo Clinic reflects an excellent enterprise profile as...

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