University Of Maryland Medical System Bond Rating Lowered To 'A-' On Increased Debt And Recent Acquisition-Related Costs - S&P Global Ratings’ Credit Research

University Of Maryland Medical System Bond Rating Lowered To 'A-' On Increased Debt And Recent Acquisition-Related Costs

University Of Maryland Medical System Bond Rating Lowered To 'A-' On Increased Debt And Recent Acquisition-Related Costs - S&P Global Ratings’ Credit Research
University Of Maryland Medical System Bond Rating Lowered To 'A-' On Increased Debt And Recent Acquisition-Related Costs
Published Feb 05, 2013
Published Feb 05, 2013
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Feb. 5, 2013--Standard&Poor's Ratings Services lowered its long-term rating and underlying rating (SPUR) to 'A-' from 'A' on various series of the Maryland Health&Higher Educational Facilities Authority 's health care revenue bonds, issued for University of Maryland Medical System (UMMS) At the same time, Standard&Poor's assigned it 'A-' long-term rating to the authority's $240.765 million series 2013A and $19.45 million series 2013B tax-exempt fixed-rate bonds and $93.94 million series 2013C taxable fixed-rate bonds, issued for UMMS. Standard&Poor's also affirmed the 'AAA/A-1+' rating on the authority's series 2008D and 2008E variable-rate bonds issued for UMMS. "The lower rating reflects our view of UMMS' weaker pro forma financial metrics

  
Report Type:

Ratings Action

Issuer
Sector
Global Issuers, Public Finance
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "University Of Maryland Medical System Bond Rating Lowered To 'A-' On Increased Debt And Recent Acquisition-Related Costs" Feb 05, 2013. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/University-Of-Maryland-Medical-System-Bond-Rating-Lowered-To-A-On-Increased-Debt-And-Recent-Acquisition-Related-Costs-1073032>
  
APA:
S&P Global Ratings’ Credit Research. (). University Of Maryland Medical System Bond Rating Lowered To 'A-' On Increased Debt And Recent Acquisition-Related Costs Feb 05, 2013. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/University-Of-Maryland-Medical-System-Bond-Rating-Lowered-To-A-On-Increased-Debt-And-Recent-Acquisition-Related-Costs-1073032>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.