Boston University, Massachusetts; Joint Criteria; Private Coll/Univ - General Obligation Aug 11
Standard & Poors, August 2011
Abstract
Standard & Poor's Ratings Services has assigned its 'A' long-term rating to the $100 million series W taxable fixed-rate revenue bonds, issued by the Trustees of Boston University for Boston University (BU), Mass. At the same time, we affirmed our 'A' rating and various other ratings on previously issued debt. The rating outlook is stable. All debt is a general obligation of BU. The university will use series W bond proceeds to refinance a portion of its series N revenue bonds, which are currently supported by a Bank of America N.A. letter of credit (LOC). A portion of the series N bonds will remain outstanding after this refinancing. The 'A' rating reflects our assessment of BU's: Consistently good financial operations...
Companies mentioned in this report are:
- Boston Univ
- Massachusetts Development Finance Agency
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
- Boston Univ
- Massachusetts Development Finance Agency
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