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Summary: California Infrastructure And Economic Development Bank, University Of California Board Of Regents; Lease May 11 Product Image

Summary: California Infrastructure And Economic Development Bank, University Of California Board Of Regents; Lease May 11

  • Published: May 2011
  • Region: California
  • Standard & Poors

Abstract
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
Action: Affirmed

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University of California Brd of Regents,California Infrastructure & Econ Dev Bnk

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