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Various Bond Ratings On Mayo Clinic, MN Debt Lowered To 'AA-' And 'AA-/A-1+' On Decline In Financial Position

Published Mar 26, 2009

802 words — Published Mar 26, 2009

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Abstract:

NEW YORK (Standard&Poor's) March 26, 2009--Standard&Poor's Ratings Services lowered its long-term rating on various issuers' debt, issued for Mayo Clinic, Minn. to 'AA-' from 'AA'. At the same time, Standard&Poor's revised its 'AA/A-1+' rating to 'AA-/A-1+' on Rochester, Minn.'s $130 million series 2008D and 2008E health care facilities revenue bonds. The bonds are fixed-rate-term bonds that are due in March and May of 2009, respectively, and are being reoffered for another 12- to 13-month term. Standard&Poor's factored the series 2008E bonds into the current analysis, but the bonds will not be reoffered until May 2009. In addition, Standard&Poor's revised its rating to 'AA-/A-1+ from 'AA/A-1+' on Wisconsin Health and Educational

Brief Excerpt:

RESEARCH Various Bond Ratings On Mayo Clinic, MN Debt Lowered To '##-' And '##-/A-1+' On Decline In Financial Position Publication date: 26-Mar-2009 Primary Credit Analyst: Stephen Infranco, New York (1) 212-438-2025; stephen_infranco@standardandpoors.c...

Report Type:

Ratings Action

Issuer

Mayo Clinic

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

PDF

Summary: Short-Term Rating On Wisconsin Housing and Economic Development Authority Bank of America N.A. (USA) Liquidity-Enhanced Bonds Lowered To 'A-1'; Other – 2009/04/22 – US$ 225.00

Summary: Rochester, Minnesota Mayo Clinic; System – 2009/05/13 – US$ 225.00

Rating On Mayo Clinic, MN's Series 2000A Bonds Raised To 'AA-/A-1+ On Self-Liquidity – 2010/01/06 – US$ 150.00

Summary: Mayo Clinic, Minnesota; System – 2010/01/06 – US$ 225.00

Summary: Rochester, Minnesota Mayo Clinic; System – 2010/01/12 – US$ 225.00

Mayo Clinic, Minnesota; Liquidity Facility; System – 2009/03/26 – US$ 500.00

Summary: Mayo Clinic, Minnesota; Liquidity Facility; System – 2009/03/26 – US$ 225.00

Summary: Rochester, Minnesota Mayo Clinic; Liquidity Facility; System – 2009/02/03 – US$ 225.00

Summary: Rochester, Minnesota Mayo Clinic; System – 2008/04/15 – US$ 225.00

Rochester, Minnesota Mayo Clinic Wisconsin Health And Educational Facilities Authority; Liquidity Facility; System – 2008/04/10 – US$ 500.00

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MLA:	S&P Global Ratings’ Credit Research. "Various Bond Ratings On Mayo Clinic, MN Debt Lowered To 'AA-' And 'AA-/A-1+' On Decline In Financial Position" Mar 26, 2009. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Various-Bond-Ratings-On-Mayo-Clinic-MN-Debt-Lowered-To-AA-And-AA-A-1-On-Decline-In-Financial-Position-711713>

APA:	S&P Global Ratings’ Credit Research. (). Various Bond Ratings On Mayo Clinic, MN Debt Lowered To 'AA-' And 'AA-/A-1+' On Decline In Financial Position Mar 26, 2009. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Various-Bond-Ratings-On-Mayo-Clinic-MN-Debt-Lowered-To-AA-And-AA-A-1-On-Decline-In-Financial-Position-711713>

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