Cobb County Development Authority, Georgia, Kennesaw State University Foundation Inc.; Lease Jun 11
Standard & Poors, June 2011
Abstract
Standard & Poor's Ratings Services assigned its 'A+' long-term rating to Cobb County Development Authority, Ga.'s series 2011 student housing revenue bonds, issued on behalf of Kennesaw State University II Real Estate Foundation, LLC (the limited liability corporation or LLC). The authority is issuing the bonds and loaning the proceeds to the LLC. The sole member of the LLC is Kennesaw State University (KSU) Foundation Inc., a Georgia nonprofit. The 'A+' rating reflects our assessment of the agreement by the University System of Georgia (USG) Board of Regents (BOR) to pay annual rentals to the LLC, subject to the BOR exercising the option to renew for another one-year period under the rental agreement. While KSU and the BOR expect the...
Companies mentioned in this report are: Kennesaw St Univ Foundn Inc.,Georgia,Cobb Cnty Dev Auth,Kennesaw State Univ
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
Kennesaw St Univ Foundn Inc.,Georgia,Cobb Cnty Dev Auth,Kennesaw State Univ
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