• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: Massachusetts Health & Educational Facilities Authority Tufts University; Private Coll/Univ - General Obligation Jun 09 Product Image

Summary: Massachusetts Health & Educational Facilities Authority Tufts University; Private Coll/Univ - General Obligation Jun 09

  • Published: June 2009
  • Region: Massachusetts
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'AA-/A-1' dual rating on the Massachusetts Health and Educational Facilities Authority's $30.5 million series G revenue bonds issued for Tufts University. The rating reflects our expectation that the variable-rate demand bonds will be converted to a daily mode from a weekly mode on July 1, 2009. Standard & Poor's also affirmed its 'AA-' long-term ratings and 'AA-' underlying rating (SPUR) issued for Tufts University. The 'A-1+' rating is based on a standby bond purchase agreement provided by Bank of America N.A. ('A-1') The long-term rating reflects: Exceptional fiscal management, supported by consistent generation of an operating surplus with a small, above-budgeted operating surplus expected for fiscal 2009; Financial resources are satisfactory for the...

Companies mentioned in this report are:
- Tufts Univ

Action: Affirmed
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 READ MORE >

- Tufts Univ

Note: Product cover images may vary from those shown

RELATED PRODUCTS