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Lake Superior State University Board Of Trustees, Lake Superior State University; Public Coll/Univ - Unlimited Student Fees Feb 12 Product Image

Lake Superior State University Board Of Trustees, Lake Superior State University; Public Coll/Univ - Unlimited Student Fees Feb 12

  • ID: 2051857
  • February 2012
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services revised its outlook to positive from stable and affirmed its 'BBB+' underlying rating (SPUR) on Lake Superior State University Board of Trustees, Mich.'s existing general revenue bonds, issued on behalf of Lake Superior State University (LSSU). At the same time, Standard & Poor's assigned its 'BBB+' long-term rating to Lake Superior State University Board of Trustees' series 2012 general revenue refunding bonds, also issued on behalf of LSSU. Management indicates it will refund the university's outstanding series 1997 and series 2001 bonds with the proceeds of the series 2012 issuance. The outlook revision reflects our view of the university's improved operating performance, stabilized management team, and growth in student enrollment. Factors supporting the rating include...

Companies mentioned in this report are: Lake Superior St Univ,Lake Superior St Univ Brd of Trustees
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: Full Analysis

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Lake Superior St Univ,Lake Superior St Univ Brd of Trustees

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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