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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
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: Outlook: Stable
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University of Houston,University of Houston Sys Brd of Regents