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
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