California State University's $366.2M Revenue Bonds Assigned 'A+' Rating; Outlook Stable Feb 07

Standard & Poors, February 2007

Abstract
SAN FRANCISCO (Standard & Poor's) Feb. 12, 2007--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 outlook is stable. "We anticipate that the funding compact between CSU and California's governor will continue to be upheld, that operating performance will be balanced, and that the university will be able to meet the growing demand, driven by demographic trends," said Standard & Poor's credit analyst Carlotta Mills. "Additionally, we expect that CSU will continue with its refinement and improvement of...

Companies mentioned in this report are: California St Univ
Action: Affirmed
Action: New Rating

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Research type: News
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California St Univ

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