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Universidad Autonoma del Carmen (UNACAR) Assigned 'mxA-' Rating; Outlook Stable Apr 06
Standard & Poors, April 2006
NEW YORK (Standard & Poor's) April 6, 2006--Standard & Poor's Ratings Services said today it assigned its 'mxA-' national scale rating to the Universidad Aut-noma del Carmen (UNACAR). The outlook is stable. The rating on UNACAR is Standard & Poor's second state public university rating in the United Mexican States (sovereign foreign Currency, BBB/Stable/A-3; local currency, A/Stable/A-1/mxAAA). "The rating on UNACAR is based on its strong relationship with the state-owned Mexican oil and gas company Petroleos Mexicanos (PEMEX; foreign currency BBB/Stable/--; local currency A-/Stable/--), one of the largest oil companies in the world; stable levels of federal and state support, relatively slow growth of enrollment (nearly 23% in the past five years); positive operating balances; and manageable debt levels," explained...
Companies mentioned in this report are: Universidad Autonoma del Carmen (UNACAR),United Mexican States,Petroleos Mexicanos (PEMEX)
Action: New Rating
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Research type: News
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Universidad Autonoma del Carmen (UNACAR),United Mexican States,Petroleos Mexicanos (PEMEX)