This report does not constitute a rating action. S&P Global Ratings long-term rating on various Maryland Health&Higher Education Facilities Authority 's (MHHEFA) healthcare revenue bonds, issued for University of Maryland Medical System (UMMS), is ?A?. S&P Global Ratings? dual rating on MHHEFA's series 2025C-1 and C-2 variable-rate revenue bonds, which reflects the application of our low-correlation joint criteria, is 'AA/A-1'. S&P Global Ratings dual rating on MHHEFA's series 2008D variable-rate revenue bonds, which reflects the application of our low-correlation joint criteria, is 'AA+/A-1'. The outlook on the long-term rating is stable. A revenue pledge of the obligated group secures the bonds. The obligated group includes all of UMMS' wholly owned acute-care hospitals and one foundation. Nonobligated members include
