University Of Washington's $258 Million Of New And Refunding Debt Rated 'AA+' Feb 12

Standard & Poors, February 2012

Abstract
SAN FRANCISCO (Standard & Poor's) Feb. 6, 2012--Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to the University of Washington's (UW) $258 million series 2012A and 2012B general revenue and refunding bonds. In addition, Standard & Poor's affirmed its 'AA+' long-term and underlying rating (SPUR) on UW's parity general revenue bonds outstanding. We also affirmed our 'AA+' long-term rating and 'AA' SPUR on UW's debt secured by various security pledges, and our 'A-1+' short-term rating on UW's commercial paper (CP) notes outstanding. The outlook is stable. Standard and Poor's is also withdrawing the rating on the university's Educational Research Properties series 1999B bonds, which were defeased by the university. "The university's 'AA+' rating reflects UW's good demand and...

Companies mentioned in this report are:
- University of Washington
- Washington

Action: Affirmed
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: 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.

- University of Washington
- Washington

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