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Summary: The University of Texas System Board of Regents; CP; Public Coll/Univ - Unlimited Student Fees Nov 06
Standard & Poors, November 2006
Standard & Poor's Ratings Services assigned its 'AAA' rating to The University of Texas (UT) System Board of Regents' revenue financing system (RFS) bonds, series 2006C, D, E, and F. In addition, Standard & Poor's affirmed its 'AAA' and 'A-1+' ratings on the outstanding RFS debt issued by the board. The long-term rating reflects the system's: Significant financial resources -- the $16 billion endowment ranks among the top 20 largest higher education endowments in the U.S., and includes the separately held $10.3 billion permanent university fund, or PUF, a constitutional endowment of which two-thirds benefits the system); High profile institutional characteristics, including significant research activity, a large health-care component, and systemwide enrollment of more than 190,000 students; Broad, multi-campus unlimited...
Companies mentioned in this report are: Brd of Regents of the Univ of Texas Sys
Action: New Rating
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Brd of Regents of the Univ of Texas Sys