Maryland Economic Development Corp. Student Housing Revenue Bond Rating Outlook Revised To Stable From Negative - S&P Global Ratings’ Credit Research

Maryland Economic Development Corp. Student Housing Revenue Bond Rating Outlook Revised To Stable From Negative

Maryland Economic Development Corp. Student Housing Revenue Bond Rating Outlook Revised To Stable From Negative - S&P Global Ratings’ Credit Research
Maryland Economic Development Corp. Student Housing Revenue Bond Rating Outlook Revised To Stable From Negative
Published Feb 23, 2022
2 pages (1176 words) — Published Feb 23, 2022
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About This Report

  
Abstract:

BOSTON (S&P Global Ratings) Feb. 23, 2022--S&P Global Ratings revised the outlook to stable from negative and affirmed its 'BBB-' long-term rating on  Maryland Economic Development Corp.'s (MEDCO) series 2020 (Thurgood Marshall Project) and 2012 (Morgan View Project) student housing revenue bonds. "The outlook revision reflects our view of the project's response to the uncertainties surrounding the economic fallout related to the COVID-19 pandemic and the related lack of impact on the new project during construction," said S&P Global Ratings credit analyst Nicholas Fortin. In our view, privatized student housing projects face elevated social risk as a result of the COVID-19 pandemic. We believe management has taken prudent action regarding the health and safety of its residents, including allowing lease

  
Report Type:

Ratings Action

Issuer
Maryland Econ Dev Corp
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Maryland Economic Development Corp. Student Housing Revenue Bond Rating Outlook Revised To Stable From Negative" Feb 23, 2022. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Maryland-Economic-Development-Corp-Student-Housing-Revenue-Bond-Rating-Outlook-Revised-To-Stable-From-Negative-2800068>
  
APA:
S&P Global Ratings’ Credit Research. (). Maryland Economic Development Corp. Student Housing Revenue Bond Rating Outlook Revised To Stable From Negative Feb 23, 2022. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Maryland-Economic-Development-Corp-Student-Housing-Revenue-Bond-Rating-Outlook-Revised-To-Stable-From-Negative-2800068>
  
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