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Summary: University System Of Maryland; Public Coll/Univ - Unlimited Student Fees Oct 11 Product Image

Summary: University System Of Maryland; Public Coll/Univ - Unlimited Student Fees Oct 11

  • Published: October 2011
  • Standard & Poors

FEATURED COMPANIES

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to University System of Maryland's (USM) $115 million series 2011A auxiliary facility and tuition revenue bonds and $44.9 million series 2010B refunding bonds. In addition, we affirmed the 'AA+' long-term rating and 'AA+' underlying rating (SPUR) on USM's previously issued debt. The rating outlook is stable. As of Dec. 31, 2010, USM had more than $1.2 billion of cash and cash equivalents. USM's cash is held and invested by the state treasurer and management indicated that there are no issues with accessing the funds. The 'AA+' rating reflects our assessment of USM's: Strong system management and leading position as the main provider of public higher education in Maryland with a...

Companies mentioned in this report are:
- Univ Sys of Maryland

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

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- Univ Sys of Maryland

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