| Title: | Summary: Central Michigan University; Public Coll/Univ - Unlimited Student Fees |
| Price: | $175.00 |
| Publication Date: | Apr 28, 2008 |
| Report Type: | Summary |
| Abstract: | Standard&Poor's Ratings Services assigned its 'AAA/A-1+' rating to the approximate $43 million Central Michigan University Board of Trustees' general revenue refunding bonds series 2008A, issued on behalf of Central Michigan University (CMU). The rating is based on the application of the low correlation joint criteria where Standard&Poor's underlying rating (SPUR) on Central Michigan University's debt is 'A+' and the letter of credit (LOC) provider, JPMorgan Chase Bank N.A., is rated 'AA/A-1+'. We also assigned our 'A+' SPUR to the university's series 2008A bonds and affirmed various outstanding general revenue bond ratings of the university. The LOC provides coverage for payment of principal and interest on the bonds. The LOC provides for a maximum 35 days of |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Central Michigan University; Public Coll/Univ - Unlimited Student Fees Publication date: ##-Apr-#### Primary Credit Analyst: Susan Carlson, Chicago # (###) ###-####; susan_carlson@standardandpoors.com... |
| Word Count: | 1110 |
| Issuer: | Central Michigan Univ |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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