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Summary: Texas A&M University System Board Of Regents; CP; Investment Earnings Apr 11 Product Image

Summary: Texas A&M University System Board Of Regents; CP; Investment Earnings Apr 11

  • ID: 1721809
  • April 2011
  • Region: Texas
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'A-1+' short-term rating on the Texas A&M University System Board of Regents' permanent university fund (PUF) commercial paper (CP) notes, issued on behalf of Texas A&M University. In addition, Standard & Poor's affirmed its 'AAA' long-term and 'AAA/A-1+' ratings on the university's outstanding PUF bonds. The outlook on the long-term rating is stable. The long-term rating reflects the substantial pledge of dedicated PUF income for PUF debt service, and the short-term rating reflects the university's self-liquidity in the event of non-remarketed CP rollover. The long-term rating on the PUF bonds reflects our view of: The absolute size of the PUF, which had an unaudited market value of $12.38 billion (excluding land assets) as...

Companies mentioned in this report are:
- Brd of Regents of the Texas A&M Univ Sys
- Texas
- Texas A&M Univ

Action: Affirmed

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- Brd of Regents of the Texas A&M Univ Sys
- Texas
- Texas A&M Univ

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