Home Credit Ratings and Research S&P Global Ratings’ Credit Research Mayo Clinic

Summary: Rochester, Minnesota Mayo Clinc; System

Published Mar 21, 2012

2414 words — Published Mar 21, 2012

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Abstract:

Standard&Poor's Ratings Services has assigned its 'AA' long-term rating to Rochester, Minn.'s series 2012 $200 million revenue bonds, issued for the Mayo Clinic. Standard&Poor's also affirmed its 'AA' long-term ratings and its dual ratings of 'AA/A-1+' and 'AA/A-1' on various issuers' debt issued for, or guaranteed by, the Mayo Clinic. The 'A-1+' and 'A-1' short-term components of these ratings reflect the short-term ratings on the various standby bond purchase agreement (SBPA) providers, as well as Mayo Clinic's own self-liquidity. The rating outlook on the Mayo Clinic is stable. Since we raised Mayo Clinic's long term ratings to 'AA' from 'AA-' in April 2011, Mayo Clinic has performed extremely well operationally, with excellent performance in 2011 from

Brief Excerpt:

RESEARCH Summary: Rochester, Minnesota Mayo Clinc; System Publication date: 21-Mar-2012 Primary Credit Analyst: Liz Sweeney, New York (1) 212-438-2102; liz_sweeney@standardandpoors.com Secondary Contacts: Martin D Arrick, New York...

Report Type:

Summary

Issuer

Mayo Clinic

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

PDF

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

Summary: Mayo Clinic, Minnesota; System – 2012/08/16 – US$ 225.00

Summary: Rochester, Minnesota Mayo Clinic; System – 2013/01/08 – US$ 225.00

Mayo Clinic, MN 'AA' Rating Outlook Revised To Negative On Weaker Operating Performance And Additional Debt – 2013/02/20 – US$ 150.00

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

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

Summary: AUSTIN Trust's Series 3015X Ratings Raised To 'AA/A-1' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds – 2011/04/20 – US$ 225.00

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

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MLA:	S&P Global Ratings’ Credit Research. "Summary: Rochester, Minnesota Mayo Clinc; System" Mar 21, 2012. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Rochester-Minnesota-Mayo-Clinc-System-949466>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Rochester, Minnesota Mayo Clinc; System Mar 21, 2012. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Rochester-Minnesota-Mayo-Clinc-System-949466>

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