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S&PCORRECT: Bond Rating On Florida State University Raised To 'AA' On Strong Demand Jan 11
Standard & Poors, January 2011
BOSTON (Standard & Poor's) Jan. 12, 2011--Standard & Poor's Ratings Services raised its ratings to 'AA' from 'AA-' on debt issued by the Florida State Board of Regents for Florida State University (FSU), including the health-fee revenue bonds and parity parking-facility bonds. The parking-facility and health-revenue bonds are viewed as equivalent to an unlimited student-fee pledge. At the same time, Standard & Poor's assigned its 'AA' long-term rating, with stable outlook, to the board's $21.3 million series 2011A parking facility revenue bonds. The rating on the series 2011A bonds, parity debt, and unlimited student-fee bonds reflects Standard & Poor's view of FSU's strong student demand, demonstrated by stable enrollment levels, a large and high-quality student base, and wide range of...
Companies mentioned in this report are: Florida St Univ,Florida Board of Governors
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
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Florida St Univ,Florida Board of Governors