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North Carolina State University at Raleigh; CP; Public Coll/Univ - Unlimited Student Fees Oct 11 Product Image

North Carolina State University at Raleigh; CP; Public Coll/Univ - Unlimited Student Fees Oct 11

  • ID: 1931807
  • October 2011
  • Region: North Carolina
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has affirmed its 'AA' long-term rating and 'AA' underlying rating (SPUR) on University of North Carolina Board of Governors' revenue bonds, issued for North Carolina State University at Raleigh. Standard & Poor's also affirmed its 'A-1+' short-term rating on the board's commercial paper (CP) program, issued for the university. In addition, Standard & Poor's affirmed its 'AA' issuer credit rating (ICR) on the university. The ratings reflect the university's general revenue pledge, supported by its: Role as North Carolina's land-grant university and one of two comprehensive research institutions in the 17-campus University of North Carolina (UNC) System; Solid enrollment growth, which has been driven mainly by graduate enrollment growth, coupled with highly competitive admissions at...

Companies mentioned in this report are:
- North Carolina St Univ at Raleigh
- The Brd of Governors of the Univ of North Carolina

Action: Affirmed

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

- North Carolina St Univ at Raleigh
- The Brd of Governors of the Univ of North Carolina

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