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Summary: AUSTIN Trust's Series 3015X Ratings Raised To 'AA/A-1' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds

Published Apr 20, 2011

979 words — Published Apr 20, 2011

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Abstract:

Standard&Poor's Ratings Services raised its ratings on Austin Trust's variable and inverse certificates series 3015X, relating to Jacksonville Economic Development Commission's (Mayo Clinic Jacksonville) health care facilities revenue bonds series 2001B, to 'AA/A-1' and 'AA' from 'AA-/A-1' and 'AA-', respectively. This action follows Standard&Poor's April 12, 2011, upgrade of the rating on the underlying bonds to 'AA' from 'AA-'. The long-term component of the rating is based on the underlying bonds (CUSIP #: 46936FAB4). The short-term component of the rating for the variable certificates is based on the liquidity facility provided by Bank of America N.A. USPF Criteria: Secondary Market Derivative Products, June 27, 2007

Brief Excerpt:

RESEARCH Summary: AUSTIN Trust's Series 3015X Ratings Raised To '##/A-1' And '##'; Residual Certificates; Tender Option Certificates/Bonds Publication date: 20-Apr-2011 Primary Credit Analyst: Santos Souffront, New York (1) 212-438-2197;...

Report Type:

Summary

Issuer

Mayo Clinic

Sector

Public Finance

Country

United States

Region

United States

Format:

HTML

Summary: Rochester, Minnesota Mayo Clinic; System – 2012/02/15 – US$ 225.00

Rochester, Minnesota Mayo Clinc; System – 2012/03/21 – US$ 500.00

Summary: Rochester, Minnesota Mayo Clinc; System – 2012/03/21 – US$ 225.00

Mayo Clinic, MN's Series 2012B Bonds Rated 'AA' On Stable Operating Performance – 2012/08/15 – US$ 150.00

Mayo Clinic, Minnesota; System – 2012/08/16 – US$ 500.00

Various Bond Ratings On Mayo Clinic, MN Raised To 'AA', 'AA/A-1+', 'AA/A-1' On Strong, Improving Financial Performance – 2011/04/12 – US$ 150.00

Mayo Clinic, Minnesota; System – 2011/04/12 – US$ 500.00

Summary: Mayo Clinic, Minnesota; System – 2011/04/12 – US$ 225.00

Summary: Rochester, Minnesota Mayo Clinic; System – 2011/02/03 – US$ 225.00

Mayo Clinic, Minnesota; System – 2010/03/17 – US$ 500.00

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MLA:	S&P Global Ratings’ Credit Research. "Summary: AUSTIN Trust's Series 3015X Ratings Raised To 'AA/A-1' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds" Apr 20, 2011. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-AUSTIN-Trust-s-Series-3015X-Ratings-Raised-To-AA-A-1-And-AA-Residual-Certificates-Tender-Option-Certificates-Bonds-862007>

APA:	S&P Global Ratings’ Credit Research. (). Summary: AUSTIN Trust's Series 3015X Ratings Raised To 'AA/A-1' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds Apr 20, 2011. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-AUSTIN-Trust-s-Series-3015X-Ratings-Raised-To-AA-A-1-And-AA-Residual-Certificates-Tender-Option-Certificates-Bonds-862007>

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