Standard&Poor's Ratings Services has raised its long-term rating to 'BBB' from 'BBB-' on $33.49 million Maryland Economic Development Corp.'s (Medco) series 2007A senior student housing (Towson University project) revenue bonds based on the strong demand for on-campus student housing and adequate debt service coverage. At the same time, we assigned our 'BBB' long-term rating on Medco's $16.11 series 2012 revenue refunding projects (Towson University project) bonds. The outlook is stable. After the series 2012 issuance, total pro forma debt will be $52.02 million (including $2.71 million of unrated and subordinate series 2007B bonds). Towson University is a member institution of the University System of Maryland (AA+/Stable). With this issuance, Medco will acquire its second student housing facility, the
