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Fitch rates Johns Hopkins University bonds AA+
Fitch Ratings said it assigned an AA+ rating to $132.64 million fixed-rate revenue bonds and an AA+/F1+ to $125.855 million of variable- rate revenue bonds issued by Maryland Health and Higher Education Facilities Authority on behalf of Johns Hopkins University.
The series 2008A bonds are expected to price on July 23, and the series 2008B bonds are expected to price in early August.
Fitch also affirmed its ratings of AA+ on $441.965 million of the university's outstanding fixed revenue bonds, AA+/F1+ on $69.265 million variable-rate revenue bonds and F1+ on its $400 million commercial paper program (taxable and tax-exempt).
The outlook is stable.
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