Massachusetts State College Building Authority Bonds Rating Raised To 'AA' From 'AA-' On Credit Profile Of State Nov 11
- Language: English
- Published: November 2011
- Region: Massachusetts
Standard & Poor's Ratings Services rating services assigned its 'A+' long-term rating to the Massachusetts State College Building Authority (MSCBA) $136 million series 2009A bonds. In addition, Standard & Poor's affirmed its 'A+' underlying rating (SPUR) rating on the rated debt of the authority. The A+ rating reflects: MSCBA's strong oversight of projects at each state college; Revenue-producing nature of the projects funded by the debt and good flexibility for setting rents and other rates; Strong levels and maintenance of reserve funds supporting outstanding debt; Good demand for state colleges and high occupancy rates for MSCBA-supported residential halls; Solid support from the commonwealth of Massachusetts (AA/Stable) for state colleges; and The intercept program, which allows the MSCBA to intercept state...
Companies mentioned in this report are:
- Massachusetts St Coll Bldg Auth
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, 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