Summary: University of Cincinnati, Ohio; Lease; Note; Public Coll/Univ - Unlimited Student Fees Jun 10
Standard & Poors, June 2010
Abstract
Standard & Poor's Ratings Services assigned its 'A+' long-term rating to the University of Cincinnati (UC), Ohio's $98.24 million general receipts bonds, series 2010B and 2010C, and its 'SP-1+' short-term rating to the university's $30.1 million series 2010D and 2010E general receipts bond anticipation notes (BANs). The 'SP-1+' short-term rating on the 2010D and 2010E BANs -- as well as that on UC's outstanding BANs -- is based on the university's long history of market access and overall credit quality. Standard & Poor's also affirmed its ratings and underlying ratings (SPURs) on the university's various outstanding bonds, BANs, and certificates of participation (COPs). The long-term rating outlook remains stable; the outlook on the short-term BAN ratings is not meaningful. UC's...
Companies mentioned in this report are:
- University of Cincinnati
Action: Affirmed
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 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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
- University of Cincinnati
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