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Boston University, Massachusetts' Select Auction Variable Rate Securities Rated BBB+ Jun 99
Standard & Poors, June 1999
Abstract
NEW YORK (Standard & Poor's CreditWire) June 21, 1999--Standard & Poor's today assigned its triple-'B'-plus rating to Boston University, Mass.'s (BU) $21.95 million select auction variable-rate securities (SAVRS) series 1999. The bonds are scheduled to sell June 22, 1999. Standard & Poor's today also affirmed its triple-'B'-plus rating on Boston University, Mass.'s $100 million various revenue bonds. In addition, Standard & Poor's affirmed its triple-'B'-plus rating on Massachusetts Development Finance Agency's $100 million revenue bonds series P, issued for Boston University. The rating reflects a: -- Large, comprehensive academic program; -- Good demand, which has become more competitive, particularly on the undergraduate level, since 1992; -- Long history of strong operating performance; and -- Growing endowment, which reached $663.7 million...
Companies mentioned in this report are: Boston 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: 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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