Summary: Rochester, Minnesota Mayo Clinic; CP; Hospital; System

S&P Global Ratings assigned its 'AA' long-term rating to the City of Rochester, Minn.'s $265.3 million series 2022 fixed-rate tax-exempt bonds and the Industrial Development Authority (IDA) of the City of Phoenix's $251.9 million series 2022 fixed-rate tax-exempt bonds, both issued for Mayo Clinic. In addition, S&P Global Ratings affirmed its 'AA' long-term rating on debt outstanding issued for Mayo Clinic directly and through various issuers. At the same time, we affirmed our 'AA/A-1+' and 'AA/A-1' dual ratings on various debt issued for, or guaranteed by, Mayo Clinic. The outlook, where applicable, is stable. 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 providers, as well as our

...S&P Global Ratings assigned its '##' long-term rating to the City of Rochester, Minn.'s $265.3 million series 2022 fixed-rate tax-exempt bonds and the Industrial Development Authority (IDA) of the City of Phoenix's $251.9 million series 2022 fixed-rate tax-exempt bonds, both issued for Mayo Clinic. In addition, S&P Global Ratings affirmed its '##' long-term rating on debt outstanding issued for Mayo Clinic directly and through various issuers. At the same time, we affirmed our '##/A-1+' and '##/A-1' dual ratings on various debt issued for, or guaranteed by, Mayo Clinic. The outlook, where applicable, is stable. 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 providers, as well as our assessment of Mayo Clinic's self-liquidity and its procedures for providing the funds in a timely manner. The series 2022 bond proceeds, along with premium, will go toward various capital projects in Rochester and...

Summary