Maryland Economic Development Corp.?s Series 2022A Student Housing Revenue Bonds Rated ?BBB-?; Outlook Is Stable - S&P Global Ratings’ Credit Research

Maryland Economic Development Corp.?s Series 2022A Student Housing Revenue Bonds Rated ?BBB-?; Outlook Is Stable

Maryland Economic Development Corp.?s Series 2022A Student Housing Revenue Bonds Rated ?BBB-?; Outlook Is Stable - S&P Global Ratings’ Credit Research
Maryland Economic Development Corp.?s Series 2022A Student Housing Revenue Bonds Rated ?BBB-?; Outlook Is Stable
Published Sep 22, 2022
3 pages (1647 words) — Published Sep 22, 2022
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Abstract:

BOSTON (S&P Global Ratings) Sept. 22, 2022--S&P Global Ratings assigned its 'BBB-' long-term rating to Maryland Economic Development Corp.'s (MEDCO) approximately $110.8 million series 2022A student housing revenue bonds (Thurgood Marshall Project 3 or TM3). At the same time, S&P Global Ratings affirmed its 'BBB-' long-term rating on MEDCO's series 2020 (Thurgood Marshall Project 1 or TM1) student housing revenue bonds and series 2022 (Morgan View Project) revenue refunding bonds. The outlook for all ratings is stable. The bonds will be issued on parity and cross-collateralized with the existing series 2020 and series 2022 bonds and will be secured by combined gross revenues of TM1, TM3, and Morgan View (together, the projects). The series 2022A bonds proceeds will finance the

  
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.?s Series 2022A Student Housing Revenue Bonds Rated ?BBB-?; Outlook Is Stable" Sep 22, 2022. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Maryland-Economic-Development-Corp-s-Series-2022A-Student-Housing-Revenue-Bonds-Rated-BBB-Outlook-Is-Stable-2895023>
  
APA:
S&P Global Ratings’ Credit Research. (). Maryland Economic Development Corp.?s Series 2022A Student Housing Revenue Bonds Rated ?BBB-?; Outlook Is Stable Sep 22, 2022. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Maryland-Economic-Development-Corp-s-Series-2022A-Student-Housing-Revenue-Bonds-Rated-BBB-Outlook-Is-Stable-2895023>
  
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