S&P assigns 'AA/A-1+' rating to Mayo Clinic's bonds

Standard & Poor's Ratings Services has assigned an "AA/A-1+" rating to Rochester, Minn.-based Mayo Clinic's series 2016 revenue bonds, affecting $75 million.

S&P also affirmed its outstanding long- and short-term ratings on debt issued for Mayo Clinic directly and through various issuers.

"The long-term rating on the Mayo Clinic reflects an excellent enterprise profile as one of the country's leading health systems," said S&P credit analyst Martin Arrick.

The outlook is stable, reflecting S&P's view that Mayo Clinic's sound financial profile is sustainable over the two-year outlook period.

More articles on healthcare finance:
Michigan hospital set to lose Medicare status over patient suicide 
This week's 5 must-reads for hospital CFOs 
8 healthcare CFOs in the headlines 

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Articles We Think You'll Like

 

Featured Whitepapers

Featured Webinars