...NEW YORK (S&P Global Ratings) July 1, 2016--S&P Global Ratings revised its outlook to positive from stable and affirmed its 'A-' rating on various series of health care revenue bonds issued by Maryland Health & Higher Education Facilities Authority's (MHHEFA) issued for University of Maryland Medical System (UMMS). In addition, S&P Global Ratings affirmed its '##/A-1+' and '##/A-1' dual ratings on MHHEFA's series 2008D and 2008E variable-rate revenue bonds, respectively, reflecting 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 on the LOC providers, which are: + TD Bank N.A. (A-1+) for series 2008D, and + Bank of Montreal (A-1) for series 2008E. "The positive outlook reflects UMMS' ability to further improve operational performance in fiscal 2015, with continued momentum...
