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Arizona Board of Regents University of Arizona; Appropriations; Lease; Public Coll/Univ - Unlimited Student Fees
Standard & Poors, May 2011
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: Full Analysis
Abstract
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to the Arizona Board of Regents' Stimulus Plan for Economic and Educational Development (SPEED) series 2011 revenue bonds, issued for the University of Arizona (UA or the university). In addition, Standard & Poor's affirmed its 'AA' long-term rating and underlying rating (SPUR) on the Arizona Board of Regents' system revenue bonds and its 'AA-' long-term rating and SPUR on the Arizona Board of Regents' certificates of participation (COPs), both issued for the University of Arizona. The rating on the SPEED bonds is differentiated from those on the system revenue bonds as the SPEED bonds have a subordinate pledge of university system revenues. The COPs rating is differentiated from those on...
Companies mentioned in this report are: University of Arizona,Arizona Brd of Regents
Action: New Rating
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