|
|
 |
|
Viewing report
|
|
|
|
'AA' Rating Assigned To Texas Tech University System's Nearly $200 Million Revenue Financing System Bonds Jan 12
Standard & Poors, Jan 2012
Abstract
CHICAGO (Standard & Poor's) Jan. 3, 2012-- Standard & Poor's Ratings Services assigned its 'AA' long-term rating to the Texas Tech University System's (TTUS) approximately $200 million series 2012A and 2012B revenue refunding bonds. At the same time, Standard & Poor's affirmed its 'AA' long-term rating and underlying rating (SPUR) on the system's existing revenue finance system bonds -- issued by the system and the Texas Tech University Board of Regents -- and its 'A-1+' short-term rating on the system's existing commercial paper (CP) notes, which are backed by self-liquidity. The outlook, where applicable, is stable. 'The ratings reflect our view of the system's comprehensive course offerings, solid financial resources, and manageable debt burden,' said Standard & Poor's credit analyst...
Companies mentioned in this report are: Texas Tech Univ Sys,Texas Tech Univ Brd of Regents
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
