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Summary: University Of California Board Of Regents; Appropriations; Lease; Public Coll/Univ - Unlimited Student Fees Apr 09 Product Image

Summary: University Of California Board Of Regents; Appropriations; Lease; Public Coll/Univ - Unlimited Student Fees Apr 09

  • Published: April 2009
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to the State Public Works Board of the State of California's (SPWB) $212 million series 2009E and F lease revenue bonds, issued on behalf of the Regents of the University of California. The rating reflects our view of the regents' obligation to make rental payments to the SPWB, equal to debt service, from lawfully available funds. In addition, Standard & Poor's affirmed its 'AA-' long-term rating and underlying rating (SPUR) on the regents' outstanding debt. The 'AA-' long-term rating also reflects our opinion of the underlying general creditworthiness of the University of California as lessee and obligor, with a 'AA' issuer credit rating (ICR); and a structure that includes the...

Companies mentioned in this report are: University of California Brd of Regents
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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University of California Brd of Regents

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