Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to University of Illinois Board of Trustees, Ill.'s series 2011A and 2011B (taxable) auxiliary facility system (AFS) revenue bonds issued on behalf of the University of Illinois. In addition, Standard & Poor's affirmed its 'AA-' long-term and underlying rating (SPUR) and 'AA-/A-1' rating on the university's outstanding AFS revenue bonds and various certificates of participation (COPs). The outlook on all bonds is negative. The rating reflects our view of the university's overall credit strength, including its: Historically strong state operating support and flagship position within the higher education system of Illinois ('A+/Negative' general obligation rating as of Jan. 28, 2011); Stable demand and solid admissions flexibility; Manageable debt burden of...
Companies mentioned in this report are:
- University of Illinois
- University of Illinois Brd of Trustees
Action: New Rating
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Research Type: Full Analysis