S&P Global Ratings assigned its 'BBB+' rating to Bethlehem Redevelopment Authority, Pa.'s series 2024 revenue bonds, issued for Moravian University. S&P Global Ratings also affirmed its 'BBB+' issuer credit rating (ICR) on Moravian. In addition, S&P Global Ratings affirmed its 'BBB+' rating on the authority's series 2021 and 2022 revenue bonds, issued for Moravian. Finally, S&P Global Ratings affirmed its 'BBB+' rating on Northampton County General Purpose Authority, Pa.'s series 2013 and 2016 general revenue college bonds, issued for Moravian. The outlook is stable. A gross revenue pledge secures the bonds. As of June 30, 2023, Moravian had approximately $71.4 million of debt outstanding, including public bonds, Moravian College Housing Inc. (MCHI) debt, bank loans, and finance lease liabilities. Following
