Moody's rates Johns Hopkins University bonds Aa2/VMIG1

Moody's Investors Service said it assigned an Aa2/VMIG1 rating to Johns Hopkins University's $125.9 million series 2008B variable-rate demand bonds to be issued through the Maryland Health and Higher Educational Facilities Authority.

The expected sale date is Aug. 6.

Proceeds will be used to refund a portion of the outstanding fixed-rate series 1997 and 1998 bonds.

Moody's affirmed its ratings on the university's outstanding rated bonds and commercial paper programs. The outlook is positive.

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