Standard & Poor's Ratings Services affirmed its 'A+' long-term rating on the University of Florida Athletic Association Inc.'s (UAA) series 2007 athletic program revenue bonds. In addition, Standard & Poor's affirmed its 'A+' underlying rating (SPUR) on the series 2001 bonds. The bonds are a general obligation of UAA and the revenues supporting the UAA are primarily generated from the football program. The bonds are not an obligation of the University of Florida. The outlook is stable. The 'AAA/A-1' rating on the series 2001 bonds reflects our application of Standard & Poor's joint criteria. For more information on the joint criteria and short-term ratings see the article published March 27, 2012, on RatingsDirect on the Global Credit Portal. The rating...
Companies mentioned in this report are:
- University of Florida Athletic Assn Inc
Action: Outlook: Stable
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