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Board Of Regents Of The University Of Texas System; CP; Public Coll/Univ - Unlimited Student Fees Jan 12
Standard & Poors, Jan 2012
Abstract
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: Total endowment market values were estimated at $19.1 billion as of Dec. 31, 2011, ranking it among the five largest higher-education endowments in the U.S., and includes the separately held permanent university fund (PUF; $12.3 billion estimated at the same date), a...
Companies mentioned in this report are: Brd of Regents of the Univ of Texas Sys
Action: New Rating
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: Full Analysis
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