SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'BBB-' rating on the $48.7 million New Hope Cultural Education Facilities Finance Corporation First Mortgage fixed-rate revenue bonds (Morningside Ministries Project) series 2013 issued on behalf of Morningside Ministries (MM). The Rating Outlook is Stable. SECURITY The bonds are secured by a pledge of all revenues, first mortgage on all assets, and by a debt service reserve fund. KEY RATING DRIVERS SATISFACTORY FINANCIAL PROFILE: M
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