Fitch Ratings assigns an 'AA+' rating to the University System of Maryland's (USM or the System) $95.075 million auxiliary facility and tuition revenue refunding bonds (AFTRB) series 2015A.
A competitive sale is expected on Feb. 18, 2015. Bond proceeds will refund all or part of the series 2005A and 2008A AFTRB debt for savings.
In addition, Fitch affirms the 'AA+' rating on approximately $1.136 billion outstanding parity AFTRBs.
The Rating Outlook is Stable.
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