Summary: University of Pittsburgh, PA; Higher Education, Note; Higher Education, Private Coll/Univ - General Obligation; Higher Education, Public Coll/Univ - Unlimited Student Fees; Public Finance Structured, Insured Liquidity - S&P Global Ratings’ Credit Research

Summary: University of Pittsburgh, PA; Higher Education, Note; Higher Education, Private Coll/Univ - General Obligation; Higher Education, Public Coll/Univ - Unlimited Student Fees; Public Finance Structured, Insured Liquidity

Summary: University of Pittsburgh, PA; Higher Education, Note; Higher Education, Private Coll/Univ - General Obligation; Higher Education, Public Coll/Univ - Unlimited Student Fees; Public Finance Structured, Insured Liquidity - S&P Global Ratings’ Credit Research
Summary: University of Pittsburgh, PA; Higher Education, Note; Higher Education, Private Coll/Univ - General Obligation; Higher Education, Public Coll/Univ - Unlimited Student Fees; Public Finance Structured, Insured Liquidity
Published Jul 14, 2005
865 words — Published Jul 14, 2005
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Abstract:

Standard&Poor's Ratings Services assigned its 'SP-1+' rating to the University of Pittsburgh's $83 million series 2005 PANTHERS notes. In addition, Standard&Poor's affirmed its 'AA' standard long-term rating and underlying rating (SPUR) on the university's long-term debt. The 'A-1+' short-term rating on the university's outstanding variable-rate debt and the 'SP-1+' rating on its series 2004 PANTHERS notes were also affirmed. The outlook is stable. The 'SP-1+' rating is based on the university's history of strong market access and underlying credit strengths. The 'A-1+' short-term rating reflects the liquidity support provided by external standby bond purchase agreements with a stated commitment of roughly $420 million. The proceeds of the series 2005 notes, much like the previous series, will

  
Brief Excerpt:

RESEARCH Summary: University of Pittsburgh, PA; Higher Education, Note; Higher Education, Private Coll/Univ - General Obligation; Higher Education, Public Coll/Univ - Unlimited Student Fees; Public Finance Structured, Insured Liquidity...

  
Report Type:

Summary

Issuer
University of Pittsburgh
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: University of Pittsburgh, PA; Higher Education, Note; Higher Education, Private Coll/Univ - General Obligation; Higher Education, Public Coll/Univ - Unlimited Student Fees; Public Finance Structured, Insured Liquidity" Jul 14, 2005. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-University-of-Pittsburgh-PA-Higher-Education-Note-Higher-Education-Private-Coll-Univ-General-Obligation-Higher-Education-Public-Coll-Univ-Unlimited-Student-Fees-Public-Finance-Structured-Insured-Liquidity-451498>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: University of Pittsburgh, PA; Higher Education, Note; Higher Education, Private Coll/Univ - General Obligation; Higher Education, Public Coll/Univ - Unlimited Student Fees; Public Finance Structured, Insured Liquidity Jul 14, 2005. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-University-of-Pittsburgh-PA-Higher-Education-Note-Higher-Education-Private-Coll-Univ-General-Obligation-Higher-Education-Public-Coll-Univ-Unlimited-Student-Fees-Public-Finance-Structured-Insured-Liquidity-451498>
  
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