Summary: University of Colorado; Higher Education, Public Coll/Univ - Unlimited Student Fees Jul 03
- ID: 2031089
- July 2003
- Region: Colorado
- Standard & Poors
The 'A' rating on the University of Colorado Board of Regents' master lease purchase agreement certificates of participation, series 2003A and 2003B, issued for the University of Colorado (CU), is differentiated from CU's outstanding 'AA-' unlimited student fee rating because COP payments are subject to annual appropriation by the board, and because a substantial portion of the COPs are related to a project that is subject to quit claim restrictions related to land at the Fitzsimons campus. The COPs rating reflects: CU's pledge to make annual lease payments, subject to annual appropriation; The overall credit quality reflected in CU's 'AA-' unlimited student fee rating; The strong essentiality of the project to CU; The strengths of the master lease structure, which...
Companies mentioned in this report are:
- University of Colorado
- University of Colorado 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 key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >