North Carolina Board Of Governors University Of North Carolina-Chapel Hill; Appropriations; CP; Public Coll/Univ - Unlimited Student Fees Jun 12
Standard & Poors, June 2012
Abstract
Standard & Poor's Ratings Services has assigned its 'AA+' long-term rating to University of North Carolina Board of Governors' series 2012C taxable bonds. At the same time, we affirmed our 'AA+' ratings on other bonds issued for the University of North Carolina Chapel Hill (UNC-CH) by various issuers. We also affirmed our 'AA' long-term rating on the board of governors' series 1997 utility revenue bonds, issued for UNC-CH. Standard & Poor's also affirmed its 'A-1+' short-term rating based on our view of UNC-CH's self-liquidity and strong bank lines of credit. The outlook remains positive. The rating reflects our assessment of UNC-CH's strong unlimited student-fee pledge and the 'AA' rating reflects the narrower pledge associated with the utility system revenue bonds....
Companies mentioned in this report are: University of North Carolina at Chapel Hill,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 Chapel Hill,The Brd of Governors of the Univ of North Carolina
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