Cleveland Clinic Health System, OH's Series 2011A-B Bonds Rated 'AA-' On Strong Demand And Financial Performance Oct 11
- ID: 1930340
- October 2011
- Standard & Poors
NEW YORK (Standard & Poor's) Oct. 5, 2011--Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to Ohio Higher Educational Facility Commission's $190.93 million series 2011A refunding bonds and $125.28 million series 2011B taxable refunding bonds issued on behalf of the Cleveland Clinic Health System's obligated group (CCHS). At the same time, Standard & Poor's affirmed various ratings on debt issued for CCHS and an affiliate by several issuers. "The stable outlook reflects our view that CCHS is well positioned to meet the challenges of a slowing economy and an uncertain reimbursement environment as health care reform unfolds over the next few years," said Standard & Poor's credit analyst Kenneth W. Rodgers. "In our opinion, CCHS will continue to...
Companies mentioned in this report are:
- Cleveland Clinic Hlth Sys
- Ohio Hgr Ed Fac Com
- Cuyahoga Cnty
- Collier Cnty Hlth Fac Auth
Action: New Rating
Action: Outlook: Stable
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Research type: News
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