Summary: University Of Houston System Board Of Regents, Texas University Of Houston System; CP; Public Coll/Univ - Unlimited Student Fees Jun 11

Standard & Poors, June 2011

Abstract
Standard & Poor's Ratings Services has affirmed its 'AA-' long-term rating and where applicable underlying rating (SPUR) on the University of Houston System Board of Regents, Texas' consolidated revenue and refunding bonds (various series) issued on behalf of the University of Houston System (UHS). At the same time, Standard & Poor's affirmed its 'AA-/A-1+' on the board's $11.2 million series 2004 variable-rate demand bonds and 'A-1+' short-term rating on its $37.0 million commercial paper (CP) program. The outlook is stable. As of Dec. 1, 2010, UHS's parity debt obligations totaled $687.25 million inclusive of the series 2004 issuance and $3.8 million CP that was outstanding at that time. The rating reflects our view of the university's: Historical support from Texas...

Companies mentioned in this report are: University of Houston,University of Houston Sys Brd of Regents
Action: Affirmed
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 Houston,University of Houston Sys Brd of Regents

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