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Moody's rates Johns Hopkins Health, Md., bonds A1
Moody's Investors Service said it assigned an A1 rating to $146.67 million of Maryland Health and Higher Educational Facility Authority revenue bonds, series 2008B, Johns Hopkins Health System Obligated Group issue.
In addition, Moody's said it affirmed its ratings of A1, P1 and A2 on Johns Hopkins Health System's outstanding debt. The outlook is positive.
The expected sale date is June 16.
The proceeds will be used to finance and refinance a portion of the costs of construction, renovation, acquisition and equipping of the system's capital projects.
Moody's rates the system's outstanding bonds A1, except for an A2 rating on series 2003A lease revenue bonds. Its commercial paper series are rated P1.
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