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California State Univ Trustees System-wide Rev Bonds Rated 'A'; Outlook Changed to Stable Jan 03
Standard & Poors, Jan 2003
Abstract
NEW YORK (Standard & Poor's) Jan. 6, 2003--Standard & Poor's Ratings Services said today it assigned its 'A' rating to the California State University Trustees' $345.79 million system-wide revenue bonds, series 2003A. The outlook is stable. In addition, Standard & Poor's lowered its rating and underlying rating (SPUR) on the trustees' outstanding system-wide revenue bonds and housing system debt to 'A' from 'A+' and changed its outlook on all of the trustees' outstanding debt to stable from negative. The 'A' rating is supported by continued solid demand for CSU programs, with good application and enrollment growth, as well as growing selectivity; CSU's distinction as the nation's largest system of higher education, with a headcount enrollment of over 405,000 students in...
Companies mentioned in this report are: California St Univ Trustees
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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