Research Update: University of Louisville Foundation Inc., KY General Obligation Rating Affirmed At 'A+'; Outlook Is Stable - S&P Global Ratings’ Credit Research

Research Update: University of Louisville Foundation Inc., KY General Obligation Rating Affirmed At 'A+'; Outlook Is Stable

Research Update: University of Louisville Foundation Inc., KY General Obligation Rating Affirmed At 'A+'; Outlook Is Stable - S&P Global Ratings’ Credit Research
Research Update: University of Louisville Foundation Inc., KY General Obligation Rating Affirmed At 'A+'; Outlook Is Stable
Published Jun 06, 2025
5 pages (2221 words) — Published Jun 06, 2025
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings affirmed its 'A+' long-term rating and issuer credit rating (ICR) on the University of Louisville Foundation Inc . (the foundation or ULF), Ky. The outlook is stable. An ICR reflects the obligor's general creditworthiness. The rating is not specific to a given debt issue as it does not consider the security and other credit and legal characteristics for a given debt issue. ULF's existing series 2013 bonds are unsecured general obligations of ULF. The foundation had about $30 million in debt outstanding as of fiscal year 2024. Debt service payments are $2.6 million through 2043, and the bonds fully amortize in 2044. Maximum annual debt service (MADS) burden is about 3.2% of operating expenses in fiscal 2023,

  
Brief Excerpt:

...Sean M Wiley Chicago 1-312-233-7050 sean.wiley @spglobal.com Nicholas Breeding New York 212-438-3010 nicholas.breeding @spglobal.com...

  
Report Type:

Research Update

Issuer
University of Louisville Foundation Inc.
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Research Update: University of Louisville Foundation Inc., KY General Obligation Rating Affirmed At 'A+'; Outlook Is Stable" Jun 06, 2025. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-University-of-Louisville-Foundation-Inc-KY-General-Obligation-Rating-Affirmed-At-A-Outlook-Is-Stable-3384258>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: University of Louisville Foundation Inc., KY General Obligation Rating Affirmed At 'A+'; Outlook Is Stable Jun 06, 2025. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-University-of-Louisville-Foundation-Inc-KY-General-Obligation-Rating-Affirmed-At-A-Outlook-Is-Stable-3384258>
  
US$ 225.00
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