Maricopa County Arizona Industrial Development Authority Revenue

Private Higher Ed· AZ· Unclaimed profile

Outstanding (EMMA est.)—

RatingsAA- S&P · AA- Fitch

Last filingAug 2026

Compiled from MSRB EMMA & public records · read-only public record · debt as of Sep 11, 2026 · latest trade Sep 11, 2026 · latest filing Aug 17, 2026

Credit ratings

agency-stated

S&P

AA-

13 rated securities

Fitch

AA-

13 rated securities

Outstanding par by rating agency and grade
Agency	Rating	Par	Share	CUSIPs
S&P	AA-	$700.6M	87.3%	12
	AA-/A-1+	$101.8M	12.7%	1

Par-weighted mix of agency grades across the outstanding securities EMMA lists for this issuer; shares are of each agency’s rated par. A split usually reflects distinct liens or credits under one issuer, not disagreement about a single credit.

Maturity profile

par maturing by year · as of Sep 2026

Recent activity

rating actions & filings

Quarterly / Monthly Financial Information filed

Aug 17, 2026 · Quarterly / Monthly Financial Information: 2026 2nd Qtr Unaudit…

Information Provided to Rating Agency, Credit / Liquidity Provider or Other Third Party…

Jul 17, 2026 · Information Provided to Rating Agency, Credit / Liquidity Provi…

Annual Financial Information and Operating Data filed

May 29, 2026 · Annual Financial Information and Operating Data: 2025 Continuin…

Quarterly / Monthly Financial Information filed

May 26, 2026 · Quarterly / Monthly Financial Information: 2026 1st Qtr Unaudit…

Other Financial / Operating Data filed

Apr 29, 2026 · Other Financial / Operating Data: Incorporate OS by Reference

Official statement posted

Apr 22, 2026 · REVENUE BONDS (BANNER HEALTH) SERIES 2026C

In context

Among the largest AZ issuers by debt outstanding · #8 of 542

Debt overview

EMMA-derived

Outstanding par (EMMA est.)—

Securities52

Callable55%

Outstanding securities

Sort

Outstanding securities for Maricopa County Arizona Industrial Development Authority Revenue
CUSIP	Series / description	Coupon	Maturity	Outstanding	Ratings	First call
56682HDJ5	BANNER HEALTH-SER B-CONV	5.0%	Jan 1, 2027	$3,000,000	—	—
56682HBS7	MARICOPA CNTY ARIZ INDL DEV AUTH REV REV BDS BANNER H…	5.0%	Jan 1, 2027	$25,330,000	—	—
56682HDX4	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	5.0%	Jan 1, 2027	$15,535,000	S&P AA-Fitch AA-	Jan. 1, 2027
56682HBT5	MARICOPA CNTY ARIZ INDL DEV AUTH REV REV BDS BANNER H…	5.0%	Jan 1, 2028	$44,395,000	—	—
56682HDY2	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	5.0%	Jan 1, 2028	$17,120,000	S&P AA-Fitch AA-	Jan. 1, 2028
56682HDK2	BANNER HEALTH-SER B-CONV	5.0%	Jan 1, 2028	$3,075,000	—	—
56682HDL0	BANNER HEALTH-SER B-CONV	5.0%	Jan 1, 2029	$2,505,000	—	—
56682HBU2	MARICOPA CNTY ARIZ INDL DEV AUTH REV REV BDS BANNER H…	5.0%	Jan 1, 2029	$48,950,000	—	—
56682HDZ9	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	5.0%	Jan 1, 2029	$17,390,000	S&P AA-Fitch AA-	Jan. 1, 2029
56682HBA6	VAR-ORANGEWOOD CCRC PJ-A	0.0%	Feb 1, 2029	$4,935,000	—	—
56682HBB4	VAR-TAXABLE-ORANGEWOOD PJ-B	0.0%	Feb 1, 2029	$2,300,000	—	—
56682HDM8	BANNER HEALTH-SER B-CONV	5.0%	Jan 1, 2030	$2,505,000	—	—
56682HCD9	MARICOPA CNTY ARIZ INDL DEV AUTH REV REV BDS BANNER H…	5.0%	Jan 1, 2030	$1,885,000	—	Jan. 1, 2027
56682HEA3	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	5.0%	Jan 1, 2030	$19,135,000	S&P AA-Fitch AA-	Jan. 1, 2030
56682HEG0	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	5.0%	Jan 1, 2031	$66,740,000	S&P AA-Fitch AA-	—
56682HBV0	MARICOPA CNTY ARIZ INDL DEV AUTH REV REV BDS BANNER H…	5.0%	Jan 1, 2031	$72,930,000	—	Jan. 1, 2027
56682HEB1	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	5.0%	Jan 1, 2031	$20,595,000	S&P AA-Fitch AA-	Jan. 1, 2031
56682HDN6	BANNER HEALTH-SER B-CONV	5.0%	Jan 1, 2031	$2,505,000	—	—
56682HCE7	MARICOPA CNTY ARIZ INDL DEV AUTH REV REV BDS BANNER H…	4.0%	Jan 1, 2032	$27,660,000	—	Jan. 1, 2027
56682HEC9	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	5.0%	Jan 1, 2032	$134,330,000	S&P AA-Fitch AA-	Jan. 1, 2032
56682HDP1	BANNER HEALTH-SER B-CONV	5.0%	Jan 1, 2032	$1,455,000	—	—
56682HBW8	MARICOPA CNTY ARIZ INDL DEV AUTH REV REV BDS BANNER H…	5.0%	Jan 1, 2032	$50,705,000	—	Jan. 1, 2027
56682HBX6	MARICOPA CNTY ARIZ INDL DEV AUTH REV REV BDS BANNER H…	5.0%	Jan 1, 2033	$37,530,000	—	Jan. 1, 2027
56682HCF4	MARICOPA CNTY ARIZ INDL DEV AUTH REV REV BDS BANNER H…	3.125%	Jan 1, 2033	$16,800,000	—	Jan. 1, 2027
56682HDQ9	BANNER HEALTH-SER B-CONV	5.0%	Jan 1, 2033	$15,355,000	—	April 19, 2032
56682HED7	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	5.0%	Jan 1, 2033	$37,145,000	S&P AA-Fitch AA-	Jan. 1, 2033
56682HEK1	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	5.0%	Jan 1, 2034	$49,920,000	S&P AA-Fitch AA-	—
56682HCG2	MARICOPA CNTY ARIZ INDL DEV AUTH REV REV BDS BANNER H…	4.0%	Jan 1, 2034	$10,225,000	—	Jan. 1, 2027
56682HEE5	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	5.0%	Jan 1, 2034	$153,155,000	S&P AA-Fitch AA-	Jan. 1, 2034
56682HDR7	BANNER HEALTH-SER B-CONV	5.0%	Jan 1, 2034	$15,935,000	—	April 19, 2032
56682HBY4	MARICOPA CNTY ARIZ INDL DEV AUTH REV REV BDS BANNER H…	5.0%	Jan 1, 2034	$46,525,000	—	Jan. 1, 2027
56682HEF2	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	5.0%	Jan 1, 2035	$43,205,000	S&P AA-Fitch AA-	Jan. 1, 2035
56682HDS5	BANNER HEALTH-SER B-CONV	5.0%	Jan 1, 2035	$6,385,000	—	April 19, 2032
56682HBZ1	MARICOPA CNTY ARIZ INDL DEV AUTH REV REV BDS BANNER H…	5.0%	Jan 1, 2035	$59,455,000	—	Jan. 1, 2027
56682HCR8	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	0.0%	Jan 1, 2035	$80,900,000	—	—
56682HCS6	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	4.59%	Jan 1, 2035	$81,000,000	—	—
56682HCA5	MARICOPA CNTY ARIZ INDL DEV AUTH REV REV BDS BANNER H…	4.0%	Jan 1, 2036	$26,050,000	—	Jan. 1, 2027
56682HBG3	VAR-DC LLC PALOMA 2 PJ	0.0%	Mar 1, 2036	—	—	—
56682HCB3	MARICOPA CNTY ARIZ INDL DEV AUTH REV REV BDS BANNER H…	3.25%	Jan 1, 2037	$27,020,000	—	Jan. 1, 2027
56682HBF5	VAR-VALLEY OF THE SUN YMCA	0.02%	Dec 1, 2037	$30,000,000	—	—
56682HCH0	MARICOPA CNTY ARIZ INDL DEV AUTH REV REV BDS BANNER H…	4.0%	Jan 1, 2038	$33,780,000	—	Jan. 1, 2027
56682HCC1	MARICOPA CNTY ARIZ INDL DEV AUTH REV REV BDS BANNER H…	5.0%	Jan 1, 2038	$100,000,000	—	Jan. 1, 2027
56682HEN5	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	5.0%	Jan 1, 2038	$126,345,000	S&P AA-Fitch AA-	—
56682HCK3	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	4.0%	Jan 1, 2041	$125,000,000	—	Jan. 1, 2028
56682HCL1	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	5.0%	Jan 1, 2041	$63,985,000	—	Jan. 1, 2028
56682HCQ0	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	4.0%	Jan 1, 2044	$94,050,000	—	July 1, 2029
56682HDA4	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	4.0%	Jan 1, 2045	$40,720,000	—	July 1, 2030
56682HCY3	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	4.0%	Jan 1, 2045	$40,720,000	—	July 1, 2030
56682HCT4	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	5.0%	Jan 1, 2046	$83,600,000	—	—
56682HCN7	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	5.0%	Jan 1, 2048	$85,945,000	—	—
56682HCM9	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	5.0%	Jan 1, 2048	$85,945,000	—	—
56682HCX5	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	4.0%	Jan 1, 2048	$63,875,000	—	July 1, 2030
56682HDT3	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	2.94%	Jan 1, 2048	$86,410,000	—	April 30, 2026
56682HCW7	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	3.0%	Jan 1, 2048	$27,830,000	—	July 1, 2030
56682HCP2	MARICOPA CNTY ARIZ INDL DEV AUTH REV VAR REV BDS BANN…	—	Jan 1, 2048	$100,000,000	—	—
56682HCZ0	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	3.0%	Jan 1, 2049	$53,775,000	—	July 1, 2030
56682HCU1	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	—	Jan 1, 2049	$100,000,000	—	—
56682HDB2	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	3.0%	Jan 1, 2049	$53,775,000	—	July 1, 2030
56682HCV9	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	—	Jan 1, 2049	$100,000,000	—	—
56682HEP0	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	—	Jan 1, 2053	$101,820,000	S&P AA-/A-1+Fitch AA-	Aug. 16, 2026
56682HDV8	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	5.0%	Jan 1, 2053	$101,300,000	—	May 15, 2027
56682HDW6	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	5.0%	Jan 1, 2053	$101,300,000	—	Nov. 1, 2029
56682HDU0	MARICOPA CNTY ARIZ INDL DEV AUTH REV BDS BANNER HEALT…	5.0%	Jan 1, 2053	$101,315,000	—	April 28, 2026
56682HDD8	MARICOPA CNTY ARIZ INDL DEV AUTH REV TAXABLE BDS BANN…	0.0%	Jan 1, 2056	$100,000,000	—	May 10, 2026
56682HDC0	MARICOPA CNTY ARIZ INDL DEV AUTH REV TAXABLE BDS BANN…	0.0%	Jan 1, 2061	$100,000,000	—	May 10, 2026

Market activity

EMMA · secondary trades · latest Sep 11, 2026

Each dot is a reported secondary trade — yield by trade date, sized by par, colored by trade side. Hover for detail.

Trade dateSecurityPriceYieldSizeSide

Sep 11 56682HEF2 106.59 4.06% 65,000 Customer Bought

Sep 11 56682HBW8 100.39 3.64% 50,000 Inter-Dealer Trade

Sep 11 56682HBW8 100.39 3.64% 50,000 Customer Bought

Sep 11 56682HBV0 100.22 4.22% 25,000 Customer Sold

Sep 11 56682HBT5 102.02 3.39% 60,000 Customer Sold

Trade prints reported to the MSRB — a live market signal a manual issuer page cannot show.

20 callable securities carry a stated call price — refunding candidates as rates move.

Recent rating actions

Moody's · S&P · Fitch · KBRA

S&P Banner Health, AZ Nearly $900 Million Series 2026A And D Bonds Rated 'AA-', Series 2026C Bonds Rated 'AA-/A-1+' View Analyst Contac…

Apr 6, 2026

Initial AA- Outlook Negative

View the filing on EMMA ↗

Fitch The complete span of best- and worst-case scenario credit ratings for all rating categories ranges from 'AAA' to 'D'.

Oct 7, 2021

Downgrade AAA → D Outlook Stable

View the filing on EMMA ↗

Rating actions as disclosed by the issuer to the MSRB’s EMMA system under SEC Rule 15c2-12; the ratings are the opinions of the respective rating agencies (Moody's, S&P Global Ratings, Fitch Ratings, KBRA). Dates are the rating-action dates stated in each notice.

Maricopa County Arizona Industrial Development Authority Revenue

Credit ratings

Maturity profile

Recent activity

Debt overview

Debt service

Outstanding securities

Market activity

Recent rating actions

Document library

Disclosure record

Standing

Credentials on record

Dated obligations

Record quality

Frequently asked questions