Summary: California St Univ; Higher Education, Public Coll/Univ - Unlimited Student Fees Sep 05
- ID: 1887678
- September 2005
- Region: California
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'A' rating to California State University's (CSU) $577 million systemwide revenue and refunding bonds, series 2005C. Standard & Poor's raised the university's revenue and refunding bond rating to 'A' from 'A-' in March 2005 due to the system's demonstrated favorable institutional characteristics in the areas of student demand, financial performance, growth in sponsored research, and fundraising--all during the period when the state had reduced funding and student fees were increased to make up for the shortfall. Continued progress in building institutional characteristics that could insulate the system from external funding changes would be viewed positively beyond the outlook period, as the state funding environment appears to have stabilized with the compact. Presently, fiscal...
Companies mentioned in this report are:
- California St 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.
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. SHOW LESS READ MORE >