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Summary: University of Cincinnati, Ohio; Insured Liquidity; Lease; Note; Public Coll/Univ - Unlimited Student Fees Mar 07

  • ID: 1782005
  • March 2007
  • Region: Ohio
  • Standard & Poors
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FEATURED COMPANIES

  • University of Cincinnati
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Abstract
Standard & Poor's Ratings Services assigned its short-term 'SP-1+' rating to the University of Cincinnati, Ohio's (UC) series 2007D general receipts revenue bond anticipation notes (BANs). The short-term rating reflects UC's strong track record of market access, as well as its underlying credit strength. In December 2006, Standard & Poor's revised its rating outlook on UC's long-term general receipts debt to negative from stable. The long-term rating outlook change reflected continuing operating deficits on both a budgetary and full accrual basis. For the fiscal year ending June 30, 2006, unrestricted net assets (UNA) worsened to negative $165 million from negative $117 million in 2005. Should the university achieve its newest financial turnaround plan (which calls for budgetary balance in 2007),...

Companies mentioned in this report are:
- University of Cincinnati

Action: Affirmed
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, READ MORE >

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- University of Cincinnati

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