University Of Maryland Medical System Series 2021B Bonds Assigned 'A' Rating

NEW YORK (S&P Global Ratings) Feb. 8, 2022--S&P Global Ratings assigned its 'A' long-term rating to Maryland Health&Higher Education Facilities Authority's (MHHEFA) $107.5 million tax-exempt series 2021B bonds, issued for University of Maryland Medical System (UMMS), purchased directly by Barclay's. In addition, S&P Global Ratings affirmed its 'A' long-term rating on various health care revenue bonds outstanding issued for UMMS. The outlook is stable. S&P Global Ratings also affirmed the 'AA+/A-1+' rating on MHHEFA's series 2008D variable-rate revenue bonds. The rating on these bonds reflects the application of our low-correlation joint criteria. The long-term component of the rating is based jointly on a bank-supported letter of credit (LOC) and our 'A' underlying rating on UMMS. The short-term component

...February 8, 2022 NEW YORK (S&P Global Ratings) Feb. 8, 2022--S&P Global Ratings assigned its 'A' long-term rating to Maryland Health & Higher Education Facilities Authority's (MHHEFA) $107.5 million tax-exempt series 2021B bonds, issued for University of Maryland Medical System (UMMS), purchased directly by Barclay's. In addition, S&P Global Ratings affirmed its 'A' long-term rating on various health care revenue bonds outstanding issued for UMMS. The outlook is stable. S&P Global Ratings also affirmed the '##+/A-1+' rating on MHHEFA's series 2008D variable-rate revenue bonds. The rating on these bonds reflects the application of our low-correlation joint criteria. The long-term component of the rating is based jointly on a bank-supported letter of credit (LOC) and our 'A' underlying rating on UMMS. The short-term component of the rating is based solely on the rating on the LOC provider, which is TD Bank N.A. "The rating reflects UMMS' favorable enterprise profile characterized by a sound...

Ratings Action