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Pennsylvania Higher Educational Facilities Authority Foundation For Indiana University Of Pennsylvania; Auxiliary - Stand Alone Mar 12 Product Image

Pennsylvania Higher Educational Facilities Authority Foundation For Indiana University Of Pennsylvania; Auxiliary - Stand Alone Mar 12

  • Published: March 2012
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has raised its long-term rating on Pennsylvania Higher Educational Facilities Authority's series 2006A (phase I) and 2007A (phase II) revenue bonds to 'BBB+' from 'BBB'. At the same time, Standard & Poor's assigned its 'BBB+' long-term rating to the authority's series 2012 (phase IV) revenue bonds. All of the debt is issued for the Foundation for Indiana University of Pennsylvania (FIUP), for student housing projects at Indiana University of Pennsylvania (IUP). The foundation also has additional debt (phase III) bonds that Standard & Poor's does not rate. While phases I, II, and IV are on three different indentures and are not on parity, the security structure, flow of funds, and legal provisions are similar. The...

Companies mentioned in this report are:
- Foundation for Indiana University of Pennsylvania
- Pennsylvania Hgr Ed Fac Auth
- Pennsylvania Higher Educl Facs Auth

Action: New Rating

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- Foundation for Indiana University of Pennsylvania
- Pennsylvania Hgr Ed Fac Auth
- Pennsylvania Higher Educl Facs Auth

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