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University Of Texas System Board Of Regents, Texas; CP; Public Coll/Univ - Unlimited Student Fees Jun 10 Product Image

University Of Texas System Board Of Regents, Texas; CP; Public Coll/Univ - Unlimited Student Fees Jun 10

  • Published: June 2010
  • Region: Texas
  • Standard & Poors

Abstract
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

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 READ MORE >

- Univ of Texas Sys Brd of Regents

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