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University of California Board of Regents; Appropriation, Appropriation; Higher Education, Indirect Cost Recoveries; Higher Education, Public Coll/Univ - Unlimited Student Fees; Housing, Single Family Whole Loan Aug 03 Product Image

University of California Board of Regents; Appropriation, Appropriation; Higher Education, Indirect Cost Recoveries; Higher Education, Public Coll/Univ - Unlimited Student Fees; Housing, Single Family Whole Loan Aug 03

  • Published: August 2003
  • Region: California
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its 'AA-' rating to the University of California Board of Regents general revenue bonds series 2003A to reflect the underlying security of general revenues of the university system and the university's general credit strengths. Although this debt is being issued under a new resolution for the regents, it is rated on parity with the university's Issuer Credit Rating (ICR) and outstanding debt issued for multiple purpose projects of the system. Standard & Poor's has lowered the ICR, as well as the ratings on research facilities and various leases, to reflect the impact of the state's budget problems on the system's operations. The State of California provides roughly one quarter of the university's total...

Companies mentioned in this report are:
- University of California Brd of Regents

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 the credit rating of holdings and identify READ MORE >

- University of California Brd of Regents

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