Research Update: Brandeis University, MA 2025-T-1, T-2 Revenue Bonds Assigned 'A+' Rating - S&P Global Ratings’ Credit Research

Research Update: Brandeis University, MA 2025-T-1, T-2 Revenue Bonds Assigned 'A+' Rating

Research Update: Brandeis University, MA 2025-T-1, T-2 Revenue Bonds Assigned 'A+' Rating - S&P Global Ratings’ Credit Research
Research Update: Brandeis University, MA 2025-T-1, T-2 Revenue Bonds Assigned 'A+' Rating
Published Apr 30, 2025
5 pages (2558 words) — Published Apr 30, 2025
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'A+' rating to the Massachusetts Development Finance Agency 's $127.29 million series 2025 T-1 and T-2 revenue bonds, issued for Brandeis University . The outlook is stable. Brandeis' general obligation (GO) pledge secures the bonds. As of June 30, 2024 (the latest audited year), debt outstanding was approximately $235.3 million, including public and private debt and lease liabilities. Following the new-money issuance of the series 2025 bonds, Brandeis? pro forma debt equals $362.5 million. The proceeds of the series 2025 bonds, including associated premium, will be used to fund $137 million for the construction of a new 630-bed residence hall, as well as associated smaller projects. The debt service schedule remains somewhat frontloaded, leading up

  
Brief Excerpt:

...S&P Global Ratings assigned its 'A+' rating to the Massachusetts Development Finance Agency's $127.29 million series 2025 T-1 and T-2 revenue bonds, issued for Brandeis University....

  
Report Type:

Research Update

Ticker
32612Z
Issuer
Massachusetts Development Finance Agency
GICS
Specialized Finance (40201040)
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. "Research Update: Brandeis University, MA 2025-T-1, T-2 Revenue Bonds Assigned 'A+' Rating" Apr 30, 2025. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Brandeis-University-MA-2025-T-1-T-2-Revenue-Bonds-Assigned-A-Rating-3361805>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Brandeis University, MA 2025-T-1, T-2 Revenue Bonds Assigned 'A+' Rating Apr 30, 2025. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Brandeis-University-MA-2025-T-1-T-2-Revenue-Bonds-Assigned-A-Rating-3361805>
  
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