• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: Massachusetts State College Building Authority; General Obligation; School State Program Dec 10 Product Image

Summary: Massachusetts State College Building Authority; General Obligation; School State Program Dec 10

  • Published: December 2010
  • Standard & Poors

FEATURED COMPANIES

Abstract
Standard & Poor's Ratings Services assigned its 'AA-' long term rating, and stable outlook, to the Massachusetts State College Building Authority's (MSCBA) $10.6 million series 2010A project revenue bonds, $45.6 million series 2010B project revenue bonds (federally taxable build America bonds-direct pay to issuer), and $50 million series 2010C refunding revenue bonds. At the same time. Standard & Poor's assigned its 'A+' issuer credit rating to the authority's debt outstanding, based on the pledge of project revenues (rent, fees, charges) from the state universities to MSCBA. We base the 'AA-' rating on the credit enhancement provided by the statutory state aid intercept, which covers MSCBA's debt obligations. While the intercept has been a feature of this credit for many years,...

Companies mentioned in this report are:
- Massachusetts St Coll Bldg Auth
- Massachusetts

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. READ MORE >

- Massachusetts St Coll Bldg Auth
- Massachusetts

Format Properties
Electronic The report will be emailed to you.
Note: Product cover images may vary from those shown
More

RELATED PRODUCTS