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Summary: Texas Tech University Board of Regents Texas Tech University System; CP; Public Coll/Univ - Unlimited Student Fees Nov 11
Standard & Poors, November 2011
Standard & Poor's Ratings Services affirmed its 'AA' long-term rating and underlying rating (SPUR) on the Texas Tech University Board of Regents' revenue finance system bonds outstanding, issued on behalf of the Texas Tech University System (TTUS). The outlook is stable. In addition, Standard & Poor's affirmed its 'A-1+' short-term rating on the system's commercial paper (CP) notes outstanding. The 'AA' ratings reflect our opinion of the strength of the broad "available funds pledge," which includes tuition and various other fees, charged to all students at Texas Tech University, Angelo State and the Health Science Center (HSC), as well as the institutional strengths of the system. The ratings further reflect our view of TTUS': Comprehensive course offerings, including law, medicine,...
Companies mentioned in this report are: Texas Tech Univ Sys,Texas Tech Univ Brd of Regents
Action: Outlook: Stable
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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.
Texas Tech Univ Sys,Texas Tech Univ Brd of Regents