Summary: University of Kansas; Auxiliary - System; Indirect Cost Recoveries; Public Coll/Univ - Unlimited Student Fees Feb 12
- Language: English
- Published: February 2012
- 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
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University of Kansas,Kansas,Kansas Dev Fin Auth