Clinic Report Amended

Carvlin, Elizabeth
December 2004
Bond Buyer;12/22/2004, Vol. 350 Issue 32035, p31
Trade Publication
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 upgraded the underlying ratings for Cleveland Clinic's approximately $1.1 billion of outstanding debt to Aa3 from A1 and revised its outlook to stable from negative. The agency also applied the rating to the Series 2004A and Series 2004B bonds that the system expects to bring to market today.


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