University Of Kansas; Auxiliary - System; Indirect Cost Recoveries; Public Coll/Univ - Unlimited Student Fees Apr 11
- Language: English
- Published: April 2011
- Region: Kansas
Standard & Poor's Ratings Services assigned its 'AA' long-term rating and stable outlook to the Kansas Development Finance Authority's (KDFA) series 2010A revenue bonds (University of Kansas Housing System Project), issued for the University of Kansas (KU). At the same time, Standard & Poor's assigned its 'AA' long-term rating and stable outlook to KDFA's series 2010B revenue bonds (University of Kansas Energy Conservation Program), also issued on behalf of KU. In addition, Standard & Poor's affirmed its 'AA-' long-term and underlying ratings (SPURs) on KU's outstanding housing system revenue bonds. The ratings on the series 2010A and 2010B bonds reflect a security pledge of unrestricted university funds, which is in our opinion the equivalent of an unlimited student fee pledge....
Companies mentioned in this report are: University of Kansas,Kansas,Kansas Dev Fin Auth
Action: Outlook: Stable
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
University of Kansas,Kansas,Kansas Dev Fin Auth