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'AAA' Rating Assigned To Board Of Regents Of the University Of Texas System's Nearly $200 Million RFS Bonds Jan 12
Standard & Poors, Jan 2012
Abstract
DALLAS (Standard & Poor's) Jan. 24, 2012-- Standard & Poor's Ratings Services assigned its 'AAA' long-term rating to the Board of Regents of the University of Texas System's nearly $200 million series 2012A revenue financing system (RFS) refunding bonds. In addition, Standard & Poor's affirmed its 'AAA' long-term rating on the system's debt outstanding and 'A-1+' short-term rating on the system's commercial paper (CP) programs. The outlook on the long-term rating is stable. 'The 'AAA' rating reflects our view of the system's significant financial resources, broad revenue diversity, and historically stable operating performance,' said Standard & Poor's credit analyst Bianca Gaytan-Burrell. 'Further strengthening the rating is our view of the system's high-profile credit institutional characteristics -- including significant research activity,...
Companies mentioned in this report are: Brd of Regents of the Univ of Texas Sys
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.
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