University Village Towson At Sheppard Pratt, MD Outlook Revised To Stable From Neg On Improved Occupancy - S&P Global Ratings’ Credit Research

University Village Towson At Sheppard Pratt, MD Outlook Revised To Stable From Neg On Improved Occupancy

University Village Towson At Sheppard Pratt, MD Outlook Revised To Stable From Neg On Improved Occupancy - S&P Global Ratings’ Credit Research
University Village Towson At Sheppard Pratt, MD Outlook Revised To Stable From Neg On Improved Occupancy
Published Nov 24, 2021
2 pages (1037 words) — Published Nov 24, 2021
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About This Report

  
Abstract:

CHICAGO (S&P Global Ratings) Nov. 24, 2021--S&P Global Ratings revised its outlook to stable from negative and affirmed its 'BBB-' long-term rating on the Maryland Economic Development Corp.'s (MEDCO) series 2012 student housing revenue refunding bonds issued on behalf of University Village Towson at Sheppard Pratt. "The outlook revision reflects the project's ability to improve occupancy in fall 2021 to 78% from 67% and maintain its above-average coverage levels, 1.5x in fiscal 2021, both of which we anticipate to continue during the outlook period," said S&P Global Ratings credit analyst Sean Wiley.

  
Report Type:

Ratings Action

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. "University Village Towson At Sheppard Pratt, MD Outlook Revised To Stable From Neg On Improved Occupancy" Nov 24, 2021. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/University-Village-Towson-At-Sheppard-Pratt-MD-Outlook-Revised-To-Stable-From-Neg-On-Improved-Occupancy-2761687>
  
APA:
S&P Global Ratings’ Credit Research. (). University Village Towson At Sheppard Pratt, MD Outlook Revised To Stable From Neg On Improved Occupancy Nov 24, 2021. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/University-Village-Towson-At-Sheppard-Pratt-MD-Outlook-Revised-To-Stable-From-Neg-On-Improved-Occupancy-2761687>
  
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