Moody's rates University of Md. Medical System bonds A3

Moody's Investors Service said it assigned A3 underlying ratings to the University of Maryland Medical System's $50 million of series 2008A variable-rate demand bonds; $75 million of series 2008B variable-rate demand bonds; $50 million of series 2008C variable-rate demand bonds; $50 million of series 2008D variable-rate demand bonds; and $55 million of series 2008E variable-rate demand bonds to be issued through the Maryland Health and Higher Educational Facilities Authority.

Sale of the bonds was expected on May 27.

The outlook remains stable.

Moody's also affirmed its outstanding A3 long-term and underlying ratings on the university medical system's existing debt.

The bonds will be used to refund the outstanding series 2006B, C, D, E and F bonds and pay the expenses related to the issuance of the bonds.

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