Standard & Poor's Ratings Services has revised its rating outlook to positive from stable and affirmed a 'AA-' rating on debt issued for the world-renowned Mayo Clinic…
S&P credit analyst Stephen Infranco said the clinic's liquidity levels are still below similarly rated organizations, and would not provide the needed financial cushion at a higher rating level…
"While the earnings improvement over a one-year period is encouraging, we expect Mayo Clinic to demonstrate the ability to sustain earnings at the current level in order to achieve a higher rating," said Infranco.
Further mitigating the Mayo Clinic's credit strengths, Infranco said, is its potential exposure to future Medicare and Medicare physician reimbursement reductions.
Healthcare Finance News, by Richard Pizzi, 3/15/2010
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