Standard&Poor's Ratings Services 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. Standard&Poor's Investment Services Group assesses the liquidity of Mayo's investment portfolio on a regular basis to guarantee the timely purchase of any variable-rate demand obligations tendered upon
