California Statewide Communities Development Authority University of Southern California; Private Coll/Univ - General Obligation - S&P Global Ratings’ Credit Research

California Statewide Communities Development Authority University of Southern California; Private Coll/Univ - General Obligation

California Statewide Communities Development Authority University of Southern California; Private Coll/Univ - General Obligation - S&P Global Ratings’ Credit Research
California Statewide Communities Development Authority University of Southern California; Private Coll/Univ - General Obligation
Published Mar 20, 2024
8 pages (3844 words) — Published Mar 20, 2024
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings affirmed its 'AA' long-term rating on the University of Southern California's (USC) general obligation bonds outstanding. The outlook is stable. The bonds are secured by a general obligation of the university. Total outstanding debt as of fiscal 2023 was $3.07 billion, including operating and financing leases, and the series 2018 USC Arcadia Hospital bonds. Pro forma debt as of fiscal 2023 and including the series 2023 bonds issued in fiscal 2024 is $3.57 billion. Currently, USC does not plan to issue additional debt during our two-year outlook period; however, we understand management continues to evaluate financing options for the capital plan. Debt service is uneven, with several bullet maturities and series 2011 and 2020A one hundred year

  
Brief Excerpt:

...+ S&P Global Ratings affirmed its '##' long-term rating on the University of Southern California's (USC) general obligation bonds outstanding. + The outlook is stable....

  
Report Type:

Full Report

Issuer
University of Southern California
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "California Statewide Communities Development Authority University of Southern California; Private Coll/Univ - General Obligation" Mar 20, 2024. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/California-Statewide-Communities-Development-Authority-University-of-Southern-California-Private-Coll-Univ-General-Obligation-3141600>
  
APA:
S&P Global Ratings’ Credit Research. (). California Statewide Communities Development Authority University of Southern California; Private Coll/Univ - General Obligation Mar 20, 2024. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/California-Statewide-Communities-Development-Authority-University-of-Southern-California-Private-Coll-Univ-General-Obligation-3141600>
  
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