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Arizona Board of Regents University of Arizona; Appropriations; Lease; Public Coll/Univ - Unlimited Student Fees Feb 12
Standard & Poors, Feb 2012
Abstract
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to the Arizona Board of Regents' series 2012A, 2012B, and 2012C refunding certificates of participation (COPs), issued for the University of Arizona (UA or the university). In addition, Standard & Poor's affirmed its 'AA' long-term rating and underlying rating (SPUR) on the board's system revenue bonds and its 'AA-' long-term rating and SPUR on the board's COPs and Stimulus Plan for Economic and Educational Development (SPEED) bonds, both issued for the University of Arizona. The COPs ratings are different from those on the system revenue bonds because the COPs' lease structure is subject to annual appropriations. The ratings on the SPEED bonds are different from those on the system revenue...
Companies mentioned in this report are: University of Arizona,Arizona 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 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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