Moody's rates University of Maryland housing bonds Baa2

Moody's Investors Service said it assigned a Baa2 rating to the $133.645 million series 2006 and $35.5 million series 2008 student housing revenue bonds issued by the Maryland Economic Development Corp. for the University of Maryland, College Park. The outlook is stable.

The sale dates were June 23 for the series 2008 bonds and March 20, 2006 for series 2006.

The series 2008 bonds are being issued to fund the construction of a 368-bed apartment complex for undergraduate students. The series 2006 bonds were issued to refund the issuer's outstanding series 1999A, series 2000A and series 2003 bonds.

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