Standard & Poor's Ratings Services assigned its 'AA' long-term rating to the University of California Board of Regents' series 2010W and 2010X general revenue bonds. Additionally, Standard & Poor's assigned it's 'AA' long-term rating to the California Statewide Communities Development Authority's series A recovery zone economic development (RZED) bonds, issued for the University of California Board of Regents. Finally, Standard & Poor's affirmed its 'AA' and 'AA-' long-term and underlying ratings (SPURs) on the University of California Board of Regent's various outstanding revenue debt and its 'A-1+' short-term rating on the regents' commercial paper (CP) note program, which is authorized up to $2 billion and currently has approximately $712.8 million outstanding. The outlook is stable. The 'AA' rating on the...
Companies mentioned in this report are:
- University of California Brd of Regents
- California Statewide Communities Dev Auth
Action: New Rating
Action: Outlook: Stable
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