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