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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
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FEATURED COMPANIES

  • Cleveland Clinic Hlth Sys
  • Cuyahoga Cnty
  • Ohio Higher Ed Fac Comm
  • MORE

Abstract
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 Higher Ed Fac Comm
- Cuyahoga Cnty
- Collier Cnty Hlth Fac Auth

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes READ MORE >

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2 of 3

- Cleveland Clinic Hlth Sys
- Ohio Higher Ed Fac Comm
- Cuyahoga Cnty
- Collier Cnty Hlth Fac Auth

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown