Summary: University of Pittsburgh, PA; 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, 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, 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, Private Coll/Univ - General Obligation; Higher Education, Public Coll/Univ - Unlimited Student Fees; Public Finance Structured, Insured Liquidity
Published Sep 25, 2003
726 words — Published Sep 25, 2003
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services raised its standard long-term rating and Standard&Poor's underlying rating (SPUR) on the University of Pittsburgh, Pa.'s long-term debt outstanding to 'AA'. The outlook is stable. In conjunction with this rating action, Standard&Poor's affirmed its 'SP-1+' rating on the university's short-term debt outstanding. The 'A-1+' rating reflects liquidity support provided by external standby bond purchase agreements for $200 million. The university's long-term rating reflects its unsecured GO pledge and is supported by the university's: Solid and improving demand for comprehensive academic programs; Historically strong operating performance despite recent cuts in state support; Solid endowment for a publicly supported university, which provides a good level of liquidity for operating expenses and debt; and

  
Brief Excerpt:

RESEARCH Summary: University of Pittsburgh, PA; Higher Education, Private Coll/Univ - General Obligation; Higher Education, Public Coll/Univ - Unlimited Student Fees; Public Finance Structured, Insured Liquidity Publication date: 25-Sep-2003...

  
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, Private Coll/Univ - General Obligation; Higher Education, Public Coll/Univ - Unlimited Student Fees; Public Finance Structured, Insured Liquidity" Sep 25, 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-Public-Finance-Structured-Insured-Liquidity-335474>
  
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; Public Finance Structured, Insured Liquidity Sep 25, 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-Public-Finance-Structured-Insured-Liquidity-335474>
  
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