Massachusetts State College Building Authority; General Obligation; School State Program Jan 12
Standard & Poors, January 2012
Abstract
Standard & Poor's Ratings Services raised its rating on various Massachusetts State College Building Authority's (MSCBA) bonds to 'AA' from 'AA-'. The bonds are covered by the credit enhancement provided by the statutory state aid intercept. The outlook is stable. We base the upgrade on the Commonwealth of Massachusetts' improved credit profile ('AA+' general obligation rating) and what we view as statutory changes that have strengthened the intercept structure. At the same time, Standard & Poor's assigned its 'AA' long-term rating, and stable outlook, to MSCBA's $159.5 million series 2012A project revenue bonds, and $150 million series 2012B refunding revenue bonds. Standard & Poor's also affirmed its 'A+' issuer credit rating (ICR) on the authority's debt outstanding, based on the...
Companies mentioned in this report are:
- Massachusetts St Coll Bldg Auth
- Massachusetts
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
- Massachusetts St Coll Bldg Auth
- Massachusetts
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