Summary: University of Missouri Board of Curators; Public Coll/Univ - Unlimited Student Fees Jun 11

Standard & Poors, June 2011

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to the series 2011 system facilities revenue bonds issued by the University of Missouri Board of Curators on behalf of the University of Missouri (UM). Standard & Poor's also affirmed its 'AA+' long-term rating on the system facilities revenue bonds outstanding, also issued on behalf of UM. Finally, Standard & Poor's affirmed the 'AA+/A-1+' dual rating on the university's $224 million in variable-rate debt bonds (VRDBs) outstanding. The short-term rating on the VRDBs reflects UM's provision of liquidity in the event of an investor redemption or put. As of March 31, 2011, UM held several short-term investments, including U.S. government and U.S. agency securities with same-day liquidity, which we view...

Companies mentioned in this report are:
- University of Missouri
- University of Missouri Brd of Curators
- University of Missouri Sys
- JPMorgan Chase Bank N.A.

Action: Affirmed
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.

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 Missouri
- University of Missouri Brd of Curators
- University of Missouri Sys
- JPMorgan Chase Bank N.A.

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