Florida State Board Of Regents Florida State University; Public Coll/Univ - Unlimited Student Fees Jan 11
- ID: 2044845
- January 2011
- Region: Florida
- Standard & Poors
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 university's pledge of revenues from an unlimited student health-fee charged to all students, which we view as an unlimited student fee, secures the health-revenue bonds. An unlimited student transportation-access fee charged to all students secures the parking facility bonds. The 'AA' rating reflects...
Companies mentioned in this report are:
- Florida St Univ
- Florida Board of Governors
Action: New Rating
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Research Type: Full Analysis