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.

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