Summary: Merrill Lynch Puttable FLOATs/RITES Trust Series PT-1000 University of California Board of Regents; Tender Option Certificates/Bonds May 12
- Language: English
- Published: May 2012
- Region: California
Standard & Poor's Ratings Services affirmed its 'AA-' long-term rating on the California Infrastructure and Economic Development Bank's series 2010A and 2010B revenue bonds, issued on behalf of the University of California Board of Regents for the Neurosciences Project at the University of California San Francisco (UCSF). The outlook is stable. The 'AA-' rating reflects our view of: The strong underlying credit characteristics of the UC system ('AA' general revenue bond rating); A lease financing structure with lease rental payments subject to annual budgeting and allocation; and Adequate lease security provisions. For additional information on the University of California System, please see the article published Nov. 24, 2010, on RatingsDirect. The stable outlook reflects our expectation that the university system's...
Companies mentioned in this report are: University of California Brd of Regents,California Infrastructure & Econ Dev Bnk
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University of California Brd of Regents,California Infrastructure & Econ Dev Bnk