Summary: Maryland Economic Development Corp.; Auxiliary - Stand Alone - S&P Global Ratings’ Credit Research

Summary: Maryland Economic Development Corp.; Auxiliary - Stand Alone

Summary: Maryland Economic Development Corp.; Auxiliary - Stand Alone - S&P Global Ratings’ Credit Research
Summary: Maryland Economic Development Corp.; Auxiliary - Stand Alone
Published Sep 22, 2022
6 pages (2624 words) — Published Sep 22, 2022
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Abstract:

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 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 construction of a new residential housing facility on the

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '###-' 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 '###-' 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 is stable....

  
Report Type:

Summary

Issuer
Maryland Econ Dev Corp
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Maryland Economic Development Corp.; Auxiliary - Stand Alone" Sep 22, 2022. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Maryland-Economic-Development-Corp-Auxiliary-Stand-Alone-2895024>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Maryland Economic Development Corp.; Auxiliary - Stand Alone Sep 22, 2022. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Maryland-Economic-Development-Corp-Auxiliary-Stand-Alone-2895024>
  
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