Summary: University of Kansas; Auxiliary - System; Indirect Cost Recoveries; Public Coll/Univ - Unlimited Student Fees Feb 12
- Language: English
- Published: February 2012
- Region: Kansas
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Standard & Poor's Ratings Services has assigned its 'AAA' rating, and stable outlook, to Kansas Development Finance Authority's (KDFA) series 2011SRF revenue bonds. We have also affirmed the 'AAA' rating on the authority's water pollution control and public water supply bonds outstanding. In late 2010, KDFA issued about $214 million of bonds to (1) refund a portion of its water pollution control bonds and public water supply bonds outstanding, and (2) make new loans for clean water projects. Those series of bonds were issued under a new master trust indenture. This issuance is the second under the new indenture. Loans made under the previous indentures continue to provide security for the public water supply and water pollution control bonds outstanding....
Companies mentioned in this report are: Kansas Dev Fin Auth
Action: New Rating
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Kansas Dev Fin Auth