Arizona Board Of Regents Northern Arizona University; Appropriations; Lease; Public Coll/Univ - Limited Student Fees; Public Coll/Univ - Unlimited Student Fees Dec 11

Standard & Poors, December 2011

Abstract
Standard & Poor's Ratings Services has assigned its 'A+' long-term rating to the Arizona Board of Regents' $24.4 million system revenue bonds series 2012 issued for Northern Arizona University's (NAU or the university). In addition, Standard & Poor's has also affirmed its 'A+' long-term rating and underlying rating (SPUR) on the board of regents' system revenue bonds issued for NAU, its 'A' SPUR on the university's lease revenue bonds, its 'A' SPUR on NAU's outstanding certificates of participation (COPs), and its 'A' long-term rating on the university's stimulus plan for economic and educational development (SPEED) revenue bonds. The reason for the slightly lower rating on the COPs and lease revenue bonds and higher rating on the system revenue bonds, reflects...

Companies mentioned in this report are:
- Northern Arizona Univ
- Arizona 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.

Research Type: Full Analysis

- Northern Arizona Univ
- Arizona Brd of Regents

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