S&PCORRECT: Bond Rating On Florida State University Raised To 'AA' On Strong Demand Jan 11

Standard & Poors, January 2011

Abstract
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
Action: Upgraded

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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.

Florida St Univ,Florida Board of Governors

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