Summary: University Of Texas System Board Of Regents; CP; Public Coll/Univ - Unlimited Student Fees Dec 11
- Language: English
- Published: December 2011
- Region: Texas
Standard & Poor's Ratings Services assigned its 'AAA' long-term rating to the University of Texas System Board of Regents, Texas' $520 million series 2010D revenue financing system (RFS) taxable bonds. In addition, Standard & Poor's affirmed its 'AAA' long-term rating and 'A-1+' short-term rating on the system's outstanding RFS debt and commercial paper (CP) programs issued by the board. The outlook on the long-term rating is stable. The long-term rating reflects our view of the system's: Significant financial resources despite current market declines: Total endowment market values were estimated at $16.6 billion as of May 31, 2010, ranking it among the 25 largest higher-education endowments in the U.S., and include the separately held permanent university fund (PUF; $10.5 billion estimated...
Companies mentioned in this report are:
- Univ of Texas Sys Brd of Regents
Action: New Rating
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Research Type: Full Analysis