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California State University Outlook Revised To Positive On Strong Financials Mar 08
Standard & Poors, March 2008
Abstract
NEW YORK (Standard & Poor's) March 6, 2008--Standard & Poor's Ratings Services revised its rating outlook on California State University's (CSU) various revenue bonds, to positive from stable, reflecting the system's strong financial performance and improving financial infrastructure. At the same time, Standard & Poor's assigned its 'A+' rating to CSU's $408 million systemwide revenue bonds, series 2008A, and affirmed its 'A+' standard long-term and underlying rating (SPUR) on CSU's other debt. 'The positive outlook reflects our expectation that the system will sustain its financial performance, even during a period of state funding cuts, which could lead to a higher rating,' said Standard & Poor's credit analyst Mary Peloquin-Dodd. 'We also expect the system to continue to increase its revenue...
Companies mentioned in this report are: California St Univ
Action: Affirmed
Action: New Rating
Action: Outlook: Positive
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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