Northwestern University, Illinois; CP; Private Coll/Univ - General Obligation Feb 12
Standard & Poors, February 2012
Abstract
Standard & Poor's Ratings Services has affirmed its 'AAA' long-term rating on the series 2003, 1993, 2006 revenue bonds issued for Northwestern University. At the same time, we affirmed our 'AAA' long-term rating on the university's series 2004A and 2004B adjustable-rate bonds subject to mandatory tender on March 1, 2014 and affirmed our 'AAA' long-term rating on the university's series 2008B adjustable-rate revenue bonds subject to mandatory tender on March 1, 2013. We also affirmed our 'A-1+' short-term rating on Northwestern's taxable commercial paper (CP) program of $300 million and the series 2008A and 2008C bonds supported by the university's own liquidity. The outlook remains stable. Standard & Poor's expects to assign its 'AAA' long-term rating to Northwestern's series 2008-A...
Companies mentioned in this report are:
- Northwestern Univ
- Illinois Educl Fac Auth
Action: Outlook Revised
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
- Northwestern Univ
- Illinois Educl Fac Auth
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