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'AA+' Rating Assigned To University Of Washington, WA $213.85 Million Refunding Bonds Jun 11
Standard & Poors, June 2011
Abstract
SAN FRANCISCO (Standard & Poor's) June 21, 2011-- Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to the University of Washington's (UW) $213.85 million series 2011 general revenue and refunding bonds. In addition, Standard & Poor's affirmed its 'AA+' long-term and underlying rating (SPUR) on UW's outstanding parity general revenue bonds, its 'AA+' and 'AA' long-term rating and SPUR on UW's debt secured by various security pledges, and its 'A-1+' short-term rating on UW's outstanding commercial paper (CP) notes. The outlook is stable. 'In our opinion, the general revenue bond rating is based on the university's role as one of the top research universities in the nation, diverse revenue base, and impressive fund-raising efforts,' said Standard & Poor's...
Companies mentioned in this report are: University of Washington
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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