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
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
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