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University of Cincinnati Ratings Lowered To 'A+' And 'A' Jan 06 Product Image

University of Cincinnati Ratings Lowered To 'A+' And 'A' Jan 06

  • Published: January 2006
  • Standard & Poors

FEATURED COMPANIES

  • University of Cincinnati
  • MORE

Abstract
NEW YORK (Standard & Poor's) Jan. 9, 2006Standard & Poor's Rating Services has lowered its rating on the University of Cincinnati (UC), Ohio's general receipts bonds to 'A+' from 'AA-', and its rating on UC's certificates of participation to 'A' from 'A+'. The outlook is stable. At the same time, the rating agency assigned its 'A+' long-term rating to UC's $54.77 million general receipts revenue bonds series 2006A, and its 'SP-1+' short-term rating to UC's $40 million general receipts revenue bond anticipation notes (BANs) series 2006B. The downgrade reflects a history of structural operating deficits, combined with projected negative performance in the near future, on both a consolidated full accrual basis and a current fund basis; a high debt burden...

Companies mentioned in this report are:
- University of Cincinnati

Action: Downgraded
Action: New Rating
Action: Outlook: Stable

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 READ MORE >

- University of Cincinnati

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