TITLE

Cleveland Clinic Gearing Up to Sell $429M of Bonds

AUTHOR(S)
Carvlin, Elizabeth
PUB. DATE
December 2004
SOURCE
Bond Buyer;12/1/2004, Vol. 350 Issue 32020, p38
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that the Cleveland Clinic Health System, Cleveland, Ohio, has seen its bond rating rebound as the internationally renowned center prepares to sell $429 million of revenue bonds in 2004. The deal will be mostly new money and comes a year after the rnuIti-state system refinanced about $1 billion of debt. The system refinanced its debt after changing its investment strategy, which helped turn losses into gains. Moody's Investors Service Inc. last month upgraded to Aa3 from Al its ratings on the Cleveland Clinic's outstanding debt and revised the outlook to stable from negative.
ACCESSION #
15256898

 

Related Articles

  • Clinic Report Amended. Carvlin, Elizabeth // Bond Buyer;12/22/2004, Vol. 350 Issue 32035, p31 

    The article reports that U.S. rating agency Moody's Investors Service Inc., has amended a rating report it issued earlier for the Cleveland Clinic Health System. The rating report was concerned to the planned issuance of $430 million of variable and auction-rate bonds. The agency earlier had...

  • Holy Cross Raised. Shields, Yvette // Bond Buyer;3/22/2006, Vol. 355 Issue 32344, p35 

    The article reports on Moody's Investors Service's revision of the outlook of Chicago, Illinois-based Holy Cross Hospitals B2 credit from negative to positive. 21 million dollars of outstanding debt issued in 1994 has been affected by the revised outlook.

  • VIRGINIA. Sigo, Shelly // Bond Buyer;6/28/2007, Vol. 360 Issue 32660, p9 

    The article reports on the move of Moody's Investors Service Inc. to upgrade the rating of the $62.7 million of the existing general obligation debt of Princé George County, Virginia. The county's existing A2 rating has been upgraded to A1 due to the growth of its tax base, the improve...

  • Dallas Loses Moody's Aaa After Winning Record Bond Approval. Williamson, Richard // Bond Buyer;6/17/2003, Vol. 344 Issue 31658, p1 

    Moody's Investors Service Inc. downgraded Dallas, Texas to Aa1 a month after voters approved a record $579 million bond program. The downgrade, which directly affects a $36 million sale of certificates of obligation sale on June 27, 2003, will also apply to future general...

  • Moody's Downgrades Minnesota. Shields, Yvette // Bond Buyer;6/17/2003, Vol. 344 Issue 31658, p1 

    Moody's Investors Service Inc. downgraded Minnesota's rating to Aa1 with a stable outlook from Aaa and took the state off negative watch list. The downgrade impacts roughly $3 billion of outstanding general obligation (GO) bonds, $5.2 billion of school district bonds issued under...

  • Rankin Files Upgrade. Sigo, Shelly // Bond Buyer;3/17/2005, Vol. 351 Issue 32092, p31 

    Reports that Moody's Investors Service Inc. has upgraded Rankin County's general obligation bond rating to Aa3 from A1in Mississippi.

  • Memphis Sports Authority's Rating Cut to A1 by Moody's. DeSue, Tedra // Bond Buyer;3/14/2006, Vol. 355 Issue 32338, p31 

    The article reports that Moody's Investors Service has downgraded the Memphis and Shelby County Sports authority to A1 from Aa3 due to continuing financial challenges for the city. Sufficient funds is needed to replenish draws on the authority's debt service reserve fund to avoid defaults. The...

  • Moody's: Provisional Al to New Hampshire Turnpike.  // Bond Buyer;7/25/2011, Vol. 377 Issue 33554, p2 

    The article reports that Moody's Investors Service Inc. has assigned a provisional A1 designation, which will be removed in January 2012, to Series 2012 delayed delivery bonds of the New Hampshire Turnpike.

  • Moody's Lifts Essex County, N.J., to A2, Citing 'Pursuit of Alternative Funding'. Kaske, Michelle // Bond Buyer;7/24/2006, Vol. 357 Issue 32429, p35 

    The article reports on Moody's Investors Service's upgrading of the rating of Essex County, New Jersey's 1.2 billion of outstanding debt from A2 to A3. The outlook of the county remains positive. There was a decrease in certain expenses over the past three years by pursuit of alternative...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics