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'AA-' Rating Assigned To Baylor University, TX's Nearly $120 Million Revenue Bonds Jan 12
Standard & Poors, Jan 2012
Abstract
DALLAS (Standard & Poor's) Jan. 27, 2012-- Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to the Waco Education Finance Corp., Texas' nearly $120 million series 2012 revenue bonds, issued for Baylor University. In addition, Standard & Poor's affirmed its 'A-1+' short-term rating on the university's taxable commercial paper (CP) notes, its 'AA-/A-1' rating on the university's series 2008A bonds, and its 'AA-' long-term rating on the university's series 2011 and 2008C revenue refunding bonds. The outlook, where applicable, is stable. 'The 'AA-' long-term rating reflects our view of the university's historic operating surpluses as well as its stable enrollment and student demand trends,' said Standard & Poor's credit analyst Bianca Gaytan-Burrell. 'Further supporting the rating is what...
Companies mentioned in this report are: Baylor Univ,Waco Ed Fin Corp
Action: Affirmed
Action: New Rating
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.
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