Moody’s assigns ‘Aa2’ rating to Mayo Clinic’s bonds

Moody’s Investors Service has assigned an “Aa2” rating to Rochester, Minn.-based Mayo Clinic’s proposed $290 million of series 2016B bonds.

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The rating assignment is based on several factors, including Mayo’s size as well as its demonstrated national and international draw for patients.

The outlook is stable, reflecting Moody’s Investors Service’s expectation that Mayo is positioned to generate adequate adjusted operating margins and sustain liquidity ratios.

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