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California State University; Public Coll/Univ - Unlimited Student Fees Mar 10
Standard & Poors, March 2010
Abstract
Standard & Poor's Ratings Services assigned its 'A+' rating to California State University's (CSU) approximately $125 million systemwide revenue bonds, series 2010A, and approximately $230 million systemwide revenue bonds, series 2010B (taxable). Standard & Poor's also affirmed its 'A+' long-term rating and underlying rating (SPUR) on CSU's other debt. The outlook is stable. The 'A+' systemwide revenue bond rating continues to be supported by our view of: CSU's distinction as the nation's largest system of higher education, with a headcount enrollment of about 433,054 students in fall 2009; Continued solid demand for CSU programs, with excellent growth in applications and prudent enrollment management; The system's history of strong operating performance on a full-accrual basis; CSU's adequate financial resources for the...
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
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