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.

Advertisement

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.

More articles on healthcare finance:
Louisiana hospitals on brink of bankruptcy as battle between owner, operator escalates
FAIR Health database adds Connecticut mobile app
Northwell Health’s finances steady despite insurance division losses

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.