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

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

Summary: University of Pittsburgh, PA; Higher Education, Private Coll/Univ - General Obligation; Higher Education, Public Coll/Univ - Unlimited Student Fees - S&P Global Ratings’ Credit Research
Summary: University of Pittsburgh, PA; Higher Education, Private Coll/Univ - General Obligation; Higher Education, Public Coll/Univ - Unlimited Student Fees
Published Sep 15, 2003
Published Sep 15, 2003
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

The 'AA-/A-1+' rating on University of Pittsburgh's capital project and refunding bonds series 2000A, 2000B, and 2000C has been affirmed based on the substitution of the university providing liquidity coverage with three liquidity facilities which are severally enhancing each series as follows: Series 2000A is being enhanced by a BNP Paribas liquidity facility, Series 2000B is being enhanced by a Lloyds TSB liquidity facility, and Series 2000 C is being enhanced by a Lloyds TSB liquidity facility. All liquidity facilities cover the purchase price of tendered bonds in the event of a failed remarketing. The facilities cover 35 days' interest at a maximum rate of 12%. Upon conversion of the bonds to any mode other than daily or weekly, the

  
Report Type:

Summary

Issuer
University of Pittsburgh
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
HTML HTML
Buy Now

University of Pittsburgh Notes Rated 'SP-1+' – 2002/12/06 – US$ 150.00

More from S&P Global Ratings’ Credit Research

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: University of Pittsburgh, PA; Higher Education, Private Coll/Univ - General Obligation; Higher Education, Public Coll/Univ - Unlimited Student Fees" Sep 15, 2003. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-University-of-Pittsburgh-PA-Higher-Education-Private-Coll-Univ-General-Obligation-Higher-Education-Public-Coll-Univ-Unlimited-Student-Fees-333675>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: University of Pittsburgh, PA; Higher Education, Private Coll/Univ - General Obligation; Higher Education, Public Coll/Univ - Unlimited Student Fees Sep 15, 2003. 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-Private-Coll-Univ-General-Obligation-Higher-Education-Public-Coll-Univ-Unlimited-Student-Fees-333675>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.