- Published: May 2012
- Region: United States
Summary: Cleveland Clinic Health System, OH's Series 2004B-3 Bonds Rating Raised To 'AA-/A-1+'; System Mar 11
- Published: March 2011
- Standard & Poors
Standard & Poor's Ratings Services raised its rating on Cuyahoga County, Ohio's revenue bonds series 2004B-3 to 'AA-/A-1+' from 'AA-/A-1', based on a substitute liquidity facility provided by U.S. Bank N.A. (AA-/A-1+). At the same time, Standard & Poor's assigned it 'A-1+' short-term rating to Cuyahoga's revenue bonds series 2004B-2, based on a substitute liquidity facility provided by JPMorgan Chase Bank (AA-/A-1+). Additionally, Standard & Poor's affirmed its 'AA-/A-1+' rating on Cuyahoga County's revenue bonds series 2004B-1, based on a substitute liquidity facility provided by Wells Fargo Bank (AA/A-1+). All of the above series are issued on behalf of Cleveland Clinic Health System's obligated group. The long-term component of the ratings reflects the underlying credit quality of Cleveland Clinic (AA-/Stable)....
Companies mentioned in this report are: Cleveland Clinic Hlth Sys,Cuyahoga Cnty
Action: New Rating
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Cleveland Clinic Hlth Sys,Cuyahoga Cnty