S&P Rates Cuyahoga Cnty,OH/Cleveland Clinic AA-/A-1+ - S&P Global Ratings’ Credit Research

S&P Rates Cuyahoga Cnty,OH/Cleveland Clinic AA-/A-1+

S&P Rates Cuyahoga Cnty,OH/Cleveland Clinic AA-/A-1+ - S&P Global Ratings’ Credit Research
S&P Rates Cuyahoga Cnty,OH/Cleveland Clinic AA-/A-1+
Published Oct 17, 1997
Published Oct 17, 1997
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Abstract:

NY -- Standard&Poor's CreditWire 10/17/97 -- Standard&Poor's today assigned its double-'A'-minus/'A-1'-plus ratings to Cuyahoga County, Ohio's $94.005 million hospital revenue refunding bonds series 1997C and $85 million hospital revenue refunding bonds series 1997D, both issued on behalf of the Cleveland Clinic Foundation, Ohio. At the same time, Standard&Poor's affirmed its double-'A'-minus/'A-1'-plus ratings on the county's $40 million hospital revenue bonds series 1996B and its double-'A'-minus rating on Cuyahoga County's outstanding hospital improvement bonds. The unenhanced long-term rating reflects an improved business position highlighted by revenue growth, increasing patient utilization in a physician driven organization, and sustained financial performance. Also factored into the rating is the rapid consolidation of the Cleveland market; the consolidation is

  
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Ratings Action

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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "S&P Rates Cuyahoga Cnty,OH/Cleveland Clinic AA-/A-1+" Oct 17, 1997. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Rates-Cuyahoga-Cnty-OH-Cleveland-Clinic-AA-A-1-9507>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Rates Cuyahoga Cnty,OH/Cleveland Clinic AA-/A-1+ Oct 17, 1997. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Rates-Cuyahoga-Cnty-OH-Cleveland-Clinic-AA-A-1-9507>
  
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