Maryland Health&Higher Education Facilities Authority University Of Maryland Medical System; Joint Criteria; System

S&P Global Ratings assigned its 'A-' rating to the Maryland Health&Higher Education Facilities Authority's (MHHEFA) series 2017B tax-exempt and series 2017C taxable health care revenue refunding bonds, issued for University of Maryland Medical System (UMMS). In addition, S&P Global Ratings affirmed its 'A-' rating on various series of health care revenue bonds issued by MHHEFA for UMMS. The outlook on all series of debt remains positive. We also affirmed our 'AA/A-1+' and 'AA/A-1' dual ratings on MHHEFA's series 2008D and 2008E variable-rate revenue bonds, respectively, which reflects the application of our low-correlation joint criteria. The long-term components of the ratings are based jointly on bank-supported letters of credit (LOCs) and the 'A-' underlying rating on UMMS. The short-term

...S&P Global Ratings assigned its 'A-' rating to the Maryland Health & Higher Education Facilities Authority's (MHHEFA) series 2017B tax-exempt and series 2017C taxable health care revenue refunding bonds, issued for University of Maryland Medical System (UMMS). In addition, S&P Global Ratings affirmed its 'A-' rating on various series of health care revenue bonds issued by MHHEFA for UMMS. The outlook on all series of debt remains positive. We also affirmed our '##/A-1+' and '##/A-1' dual ratings on MHHEFA's series 2008D and 2008E variable-rate revenue bonds, respectively, which reflects the application of our low-correlation joint criteria. The long-term components of the ratings are based jointly on bank-supported letters of credit (LOCs) and the 'A-' underlying rating on UMMS. The short-term components of the ratings are based solely on the ratings of the LOC providers, which are:...

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