Public Finance Authority, WI Housing Revenue Bonds For Nevada State College, NV Cut Three Notches To 'CCC-' - S&P Global Ratings’ Credit Research

Public Finance Authority, WI Housing Revenue Bonds For Nevada State College, NV Cut Three Notches To 'CCC-'

Public Finance Authority, WI Housing Revenue Bonds For Nevada State College, NV Cut Three Notches To 'CCC-' - S&P Global Ratings’ Credit Research
Public Finance Authority, WI Housing Revenue Bonds For Nevada State College, NV Cut Three Notches To 'CCC-'
Published Dec 07, 2021
3 pages (1349 words) — Published Dec 07, 2021
Price US$ 150.00  |  Buy this Report Now

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Abstract:

CENTENNIAL (S&P Global Ratings) Dec. 7, 2021-- S&P Global Ratings lowered its long-term bond rating to 'CCC-' from 'B-' on Public Finance Authority (PFA), Wis.' series 2019 student-housing revenue bonds, the proceeds of which were used to finance the construction of student housing on the campus of Nevada State College (NSC), a member of the Nevada System of Higher Education (NSHE). The outlook is negative. "The three-notch downgrade reflects the project's insufficient revenues to fund debt service payments as well as its draw on the debt services reserve fund to pay its Nov. 1, 2021 debt service payment," said S&P Global Ratings credit analyst Amber Schafer. "The negative outlook reflects our view that the project will have to dip into

  
Report Type:

Ratings Action

Issuer
Public Finance Authority
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Public Finance Authority, WI Housing Revenue Bonds For Nevada State College, NV Cut Three Notches To 'CCC-'" Dec 07, 2021. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Public-Finance-Authority-WI-Housing-Revenue-Bonds-For-Nevada-State-College-NV-Cut-Three-Notches-To-CCC-2767532>
  
APA:
S&P Global Ratings’ Credit Research. (). Public Finance Authority, WI Housing Revenue Bonds For Nevada State College, NV Cut Three Notches To 'CCC-' Dec 07, 2021. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Public-Finance-Authority-WI-Housing-Revenue-Bonds-For-Nevada-State-College-NV-Cut-Three-Notches-To-CCC-2767532>
  
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