Standard&Poor's Ratings Services affirmed its 'A+' long-term rating on the Florida Board of Governors' series 2010A tax-exempt bonds and 2010B mandatory student-fee revenue (wellness center) build america bonds (BABs), issued on behalf of the University of North Florida (UNF). At the same time, Standard&Poor's affirmed its 'A' long-term rating on the University of North Florida Financing Corp.'s (UNFFC) existing capital improvement revenue bonds series 2007 (student union project) and capital improvement revenue bonds series 2007 (housing project)s, issued on behalf of UNF. The outlook on all ratings is stable. A student-fee pledge secures the series 2010 wellness center bonds and we consider it equivalent to an unlimited student-fee pledge and equivalent to the rating on the
