Howard Hughes Medical Institute, MD's 2019A Bonds Rated 'AAA' - S&P Global Ratings’ Credit Research

Howard Hughes Medical Institute, MD's 2019A Bonds Rated 'AAA'

Howard Hughes Medical Institute, MD's 2019A Bonds Rated 'AAA' - S&P Global Ratings’ Credit Research
Howard Hughes Medical Institute, MD's 2019A Bonds Rated 'AAA'
Published May 08, 2019
2 pages (1136 words) — Published May 08, 2019
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) May 8, 2019--S&P Global Ratings assigned its 'AAA' long-term rating to the Loudon County Economic Development Authority, Va.'s series 2019A bonds, issued for Howard Hughes Medical Institute (HHMI), Md. S&P Global Ratings also affirmed its 'AAA/A-1+' dual rating on Loudon County Industrial Development Authority, Va.'s series 2013A multimodal tax-exempt revenue bonds, series 2003A-F variable rate bonds, and 2009B variable rate bonds, issued for HHMI. S&P Global Ratings also affirmed its 'AAA/A-1+' rating on Maryland Economic Development Corp.'s series 2008A and 2008B multimodal revenue bonds issued for HHMI. The outlook is stable. "The 'AAA' long-term rating reflects our view of HHMI's exceptionally strong balance sheet, sound and successful investment policy, significant operating flexibility, and a governance

  
Brief Excerpt:

...May 8, 2019 NEW YORK (S&P Global Ratings) May 8, 2019--S&P Global Ratings assigned its '###' long-term rating to the Loudon County Economic Development Authority, Va.'s series 2019A bonds, issued for Howard Hughes Medical Institute (HHMI), Md. S&P Global Ratings also affirmed its '###/A-1+' dual rating on Loudon County Industrial Development Authority, Va.'s series 2013A multimodal tax-exempt revenue bonds, series 2003A-F variable rate bonds, and 2009B variable rate bonds, issued for HHMI. S&P Global Ratings also affirmed its '###/A-1+' rating on Maryland Economic Development Corp.'s series 2008A and 2008B multimodal revenue bonds issued for HHMI. The outlook is stable. "The '###' long-term rating reflects our view of HHMI's exceptionally strong balance sheet, sound and successful investment policy, significant operating flexibility, and a governance and management philosophy of adjusting spending as needed to conserve current endowment strength," said S&P Global Ratings credit analyst...

  
Report Type:

Ratings Action

Issuer
Howard Hughes Medical Institute
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Howard Hughes Medical Institute, MD's 2019A Bonds Rated 'AAA'" May 08, 2019. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Howard-Hughes-Medical-Institute-MD-s-2019A-Bonds-Rated-AAA-3278700>
  
APA:
S&P Global Ratings’ Credit Research. (). Howard Hughes Medical Institute, MD's 2019A Bonds Rated 'AAA' May 08, 2019. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Howard-Hughes-Medical-Institute-MD-s-2019A-Bonds-Rated-AAA-3278700>
  
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