Bowie State University, MD 2020 Bond Outlook Revised To Stable From Negative On Solid Occupancy, Improved Debt Service - S&P Global Ratings’ Credit Research

Bowie State University, MD 2020 Bond Outlook Revised To Stable From Negative On Solid Occupancy, Improved Debt Service

Bowie State University, MD 2020 Bond Outlook Revised To Stable From Negative On Solid Occupancy, Improved Debt Service - S&P Global Ratings’ Credit Research
Bowie State University, MD 2020 Bond Outlook Revised To Stable From Negative On Solid Occupancy, Improved Debt Service
Published Jul 25, 2022
2 pages (1201 words) — Published Jul 25, 2022
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (S&P Global Ratings) July 25, 2022--S&P Global Ratings revised its outlook to stable from negative and affirmed its 'BBB-' long-term rating on Maryland Economic Development Corporation's (MEDCO) Student Housing Revenue Bonds (Bowie State University Project) series 2020, issued on behalf of Bowie State University's (BSU; a member institution of University System of Maryland [USM]) for the Entrepreneurship Living Learning Community (ELLC) project. "The outlook revision reflects our expectations of 100% occupancy for fall 2022, based on current lease commitments, along with the similar 99% occupancy among other university and MEDCO housing options on-campus and limited off-campus student housing options, all indicating continuing strong demand expectations for the project," said S&P Global Ratings credit analyst Nicholas Breeding. The rating

  
Report Type:

Ratings Action

Issuer
Maryland Econ Dev Corp
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Bowie State University, MD 2020 Bond Outlook Revised To Stable From Negative On Solid Occupancy, Improved Debt Service" Jul 25, 2022. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bowie-State-University-MD-2020-Bond-Outlook-Revised-To-Stable-From-Negative-On-Solid-Occupancy-Improved-Debt-Service-2870893>
  
APA:
S&P Global Ratings’ Credit Research. (). Bowie State University, MD 2020 Bond Outlook Revised To Stable From Negative On Solid Occupancy, Improved Debt Service Jul 25, 2022. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bowie-State-University-MD-2020-Bond-Outlook-Revised-To-Stable-From-Negative-On-Solid-Occupancy-Improved-Debt-Service-2870893>
  
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