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University Of Central Florida's Series 2011A Bonds Rated 'AA-' On Strong Demand And Financial Trends Oct 11
Standard & Poors, October 2011
BOSTON (Standard & Poor's) Oct. 20, 2011--Standard & Poor's Ratings Services has assigned its 'AA-' long-term rating to the Florida Board of Governors' series 2011A parking facility revenue refunding bonds issued for the University of Central Florida (UCF). At the same time, Standard & Poor's affirmed various ratings on other debt issued for UCF. "The ratings reflect our assessment of UCF's overall institutional credit strengths including strong demand and student quality; expected positive fiscal 2011 financial performance based on unaudited financial results and similar results based on current fiscal 2012 budgets; and diverse revenue stream," said Standard & Poor's credit analyst Blake Cullimore. "Above current rating category medians for financial resources and solid though decreasing state financial support for operations...
Companies mentioned in this report are: University of Central Florida,Florida Board of Governors,Golden Knight Prop Corp
Action: New Rating
Action: Outlook: Positive
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.
University of Central Florida,Florida Board of Governors,Golden Knight Prop Corp