Standard & Poor's Ratings Services assigned its 'A+' long-term rating to New York State Dormitory Authority's series 2009 revenue bonds, issued for the University of Rochester. At the same time, Standard & Poor's affirmed its 'A+' SPURs and long-term rating on the university's previously issued bonds. The university will issue the series 2009 bonds in a fixed-rate mode with a final maturity date of July 1, 2039. The issuance will consist of four tranches the series 2009A, 2009B, 2009C, and 2009D for a par amount of approximately $140 million, including issuance costs. The university issued series 2009A and 2009C bonds as new debt totaling approximately $100 million. The series 2009B and 2009D bonds will be issued to refinance existing debt...
Companies mentioned in this report are:
- Univ of Rochester
- Dorm Auth of the St of New York
Action: New Rating
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