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Post Bulletin
     September 27, 2018      #42-270 PB1

Moody's gives Mayo's $200 million in bonds a good

Jeff Kiger

Another prominent financial rating service is giving top marks to the sale of $200 million in bonds to support Mayo Clinic.

Moody’s Investor Service recently gave an Aa2 rating to the $200 million series of tax-free bonds being issued by the City of Rochester in October to fund Mayo Clinic’s expansion and upgrade of Mayo Clinic Hospital — Saint Marys.

It also reaffirmed Aa2 and Aa2/VMIG 1 ratings on approximately $3 billion of outstanding Mayo Clinic debt.

The rating “reflects several ...

“Coraline”(PG, 2009)
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Moody’s Investor Service says Mayo Clinic’s strengths are “balanced against modest operating performance relative to similarly rated peer organizations and plans for higher capital spending over the next several years.”

Post Bulletin file photo
Jeff Kiger