Summary: Cleveland Clinic Health System, Ohio; Hospital; System Nov 10
- ID: 2024845
- November 2010
- Region: Ohio
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'AA-' long-term rating on Ohio Higher Educational Facility Commission's $800 million series 2009 fixed-rate hospital revenue and refunding bonds issued on behalf of the Cleveland Clinic Health System's obligated group (CCHS). At the same time, Standard & Poor's affirmed its 'AA-' rating on the commission's and Cuyahoga County, Ohio's various bonds issued on behalf of CCHS. Standard & Poor's also affirmed its 'AA-/A-1+' dual rating on the commission's series 2008B hospital variable-rate demand bonds (VRDBs), various Cuyahoga County bonds, and Collier County Health Facilities Authority, Fla.'s series 2003C-1 VRDBs, all issued on behalf of CCHS. The short-term component of the dual rating on these bonds reflects CCHS' own liquidity. In addition, Standard &...
Companies mentioned in this report are:
- Cleveland Clinic Hlth Sys
- Ohio Hgr Ed Fac Com
- Cuyahoga Cnty
- Collier Cnty Educl Facs Auth
Action: Outlook: Stable
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