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University of Cincinnati Rating Outlook Revised to Negative; Outstanding Ratings Affirmed Jan 04 Product Image

University of Cincinnati Rating Outlook Revised to Negative; Outstanding Ratings Affirmed Jan 04

  • ID: 1781411
  • January 2004
  • Standard & Poors

FEATURED COMPANIES

  • University of Cincinnati
  • MORE

Abstract
NEW YORK (Standard & Poor's) Jan. 21, 2004--Standard & Poor's Ratings Services said it revised its rating outlook to negative from stable on the University of Cincinnati (UC), Ohio. In addition, Standard & Poor's affirmed its 'AA-' rating on UC's outstanding general receipts bonds and its 'A+' rating on the university's outstanding certificates of participation. "The outlook revision reflects continued operating deficits, near-term deficit operating performance, a high debt burden, additional new debt issuance planned in 2004, low liquidity for a comprehensive public university, and continued uncertainty regarding state operating support," said Standard & Poor's credit analyst Susan Carlson. The rating affirmation on the outstanding bond anticipation notes is based on the university's strong track record of market access and...

Companies mentioned in this report are:
- University of Cincinnati

Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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- University of Cincinnati

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