California State University; Public Coll/Univ - Unlimited Student Fees Feb 07

Standard & Poors, February 2007

Abstract
Standard & Poor's Ratings Services assigned its 'A+' rating to California State University's (CSU) $283.3 million systemwide revenue and refunding bonds, series 2007A, $13.3 million systemwide revenue bonds (taxable) series 2007B, and $69.6 million systemwide revenue bonds series 2007C. Standard & Poor's also affirmed its ratings on CSU's other debt. The 'A+' systemwide revenue bond rating is supported by a continuation of these credit factors: CSU's distinction as the nation's largest system of higher education, with a headcount enrollment of more than 415,000 students in fall 2006; Improving state finances ('A+/Stable'), which support about half of CSU's operating revenues and stabilization of state appropriations with the implementation of a compact with California's governor that provides CSU with relative certainty of...

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.

Research Type: Full Analysis

California St Univ

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