S&P rates Howard Hughes Medical, Md., bonds AAA/A-1+

Standard & Poor's said it assigned an AAA/A-1+ rating to Maryland Economic Development Corp.'s $162 million revenue bonds, series 2008A and B, issued for Howard Hughes Medical Institute.

S&P also affirmed its AAA/A-1+ rating on the bonds issued for the medical institute by Loudoun County Industrial Development Authority, Va., and Montgomery County, Md.

The outlook for all the bonds is stable.

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