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Fitch Affirms Maryland Institute College of Art's Revs at 'BBB+'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'BBB+' rating on $100.9 million Maryland Health and Higher Educational Facilities Authority (MHHEFA) revenue bonds issued on behalf of the Maryland Institute College of Art (MICA, or the college). The Rating Outlook is Stable. SECURITY The bonds are an unsecured, absolute and unconditional general obligation of the college, payable from all legally available funds. KEY RATING DRIVERS STABLE CREDIT CHARACTERISTICS: The 'BBB+' rating refle

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