University of North Carolina Board of Governors University of North Carolina at Greensboro; Public Coll/Univ - Unlimited Student Fees Jun 12

Standard & Poors, June 2012

Abstract
Standard & Poor's Ratings Services assigned its 'A+' long-term rating to the University of North Carolina Board of Governors' series 2012 A and 2012B (taxable) general revenue bonds issued for the University of North Carolina at Greensboro (UNCG). Standard & Poor's also affirmed its 'A+' underlying rating on the board's bonds previously issued for UNCG. The outlook on all ratings is stable. The rating reflects our view of UNCG's strong history of state operating and capital support, current improvement in financial operations, and overall growth in enrollment. However, the university's overall debt has grown significantly from $110 million in 2009 to approximately $270 million after the issuance of the series 2012 bonds. Although the university maintains a manageable annual debt...

Companies mentioned in this report are: University of North Carolina at Greensboro,The Brd of Governors of the Univ of North Carolina
Action: New Rating

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

University of North Carolina at Greensboro,The Brd of Governors of the Univ of North Carolina

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