Johns Hopkins Health System Obligated Group, Maryland; Hospital; System

S&P Global Ratings assigned its 'AA-' rating to the taxable series 2020 bonds, issued by The Johns Hopkins Health System Obligated Group (JHHS), Md. At the same time, we affirmed our 'AA-' long-term rating on various series of debt issued on behalf of JHHS. Lastly, we affirmed our 'AA-' rating on the Maryland Health&Higher Educational Facilities Authority's series 2015A bonds, issued for JHMI Utilities LLC (JHMI) and guaranteed by JHHS. The outlook on all ratings is stable. The series 2020 bonds are being issued to refund two outstanding series of JHHS debt, including series 2012B and 2013C. Total par is not expected to exceed $325 million. JHHS is not issuing any new-money proceeds with this debt issuance. The

...S&P Global Ratings assigned its '##-' rating to the taxable series 2020 bonds, issued by The Johns Hopkins Health System Obligated Group (JHHS), Md. At the same time, we affirmed our '##-' long-term rating on various series of debt issued on behalf of JHHS. Lastly, we affirmed our '##-' rating on the Maryland Health & Higher Educational Facilities Authority's series 2015A bonds, issued for JHMI Utilities LLC (JHMI) and guaranteed by JHHS. The outlook on all ratings is stable. The series 2020 bonds are being issued to refund two outstanding series of JHHS debt, including series 2012B and 2013C. Total par is not expected to exceed $325 million. JHHS is not issuing any new-money proceeds with this debt issuance. The rating on JHHS reflects the system's favorable enterprise profile, evidenced by its long history and strong reputation as the academic medical center for Johns Hopkins University School of Medicine and its solid market position in a sizable and diverse service area. In addition,...

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