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Boston University, MA's Variable Rate Demand Revenue Bonds Rated 'BBB+'; Outlook Stable Oct 01
Standard & Poors, Oct 2001
Abstract
NEW YORK (Standard & Poor's) Oct. 26, 2001--Standard & Poor's today assigned its triple-'B'-plus rating to Massachusetts Health and Education Facility Authority's $45.8 million variable rate demand revenue bonds series Q-1 due Oct. 1, 2031, issued for Boston University. In addition, Standard & Poor's affirmed its triple-'B'-plus rating on the authority's outstanding GO debt. The outlook is stable. The rating reflects the university's: -- 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 $674 million as of June 30, 2001. The bonds will refund series J, K, and L bonds, providing net present savings to the university...
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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