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Summary: Univ Sys of Maryland; Higher Education, Public Coll/Univ - Unlimited Student Fees; Public Finance Structured, Liquidity Facility Jun 03

  • ID: 1931880
  • June 2003
  • Region: Maryland
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has changed its rating outlook on the University System of Maryland's outstanding debt to negative from stable. Standard & Poor's has also assigned its 'AA+' rating to the system's auxiliary facilities and tuition revenue bonds, series 2003A, and taxable auxiliary facilities and tuition revenue bonds, series 2003B. The rating is based on the system's: Lead position as the main provider of public higher education in the state of Maryland; Historically strong support from Maryland ('AAA'/Stable), albeit with recent reductions; Successful fundraising and plans that are in place for a large capital campaign; Stable demand, with enrollment growing approximately 4% in 2002, in conjunction with improved selectivity and student quality; and Balanced financial operations, with a...

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

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 READ MORE >

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- Univ Sys of Maryland

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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