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Summary: Florida Board Of Governors Florida State University; Auxiliary - System; Public Coll/Univ - Unlimited Student Fees Oct 11 Product Image

Summary: Florida Board Of Governors Florida State University; Auxiliary - System; Public Coll/Univ - Unlimited Student Fees Oct 11

  • Published: October 2011
  • Region: Florida
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to Florida Board of Governors' series 2011A dormitory revenue bonds, issued for Florida State University (FSU). At the same time, Standard & Poor's affirmed its 'AA-' long-term and underlying (SPUR) ratings on the outstanding parity debt of the housing system. The outlook is stable. The rating reflects our view of FSU's increasing demand, as well as the housing system's high occupancy levels, waitlists, and strong coverage of maximum annual debt service (MADS). Finally, Standard & Poor's affirmed its 'AA' long-term and underlying (SPUR) ratings on FSU's parking-facility bonds and health-fee revenue bonds. The outlook is stable. The parking-facility and health-revenue bonds are viewed as equivalent to an unlimited student-fee pledge...

Companies mentioned in this report are:
- Florida St Univ
- Florida Board of Governors

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured READ MORE >

- Florida St Univ
- Florida Board of Governors

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