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

Summary: University of Pittsburgh of the Commonwealth System of Higher Education; Private Coll/Univ - General Obligation; Public Coll/Univ - Unlimited Student Fees

Summary: University of Pittsburgh of the Commonwealth System of Higher Education; Private Coll/Univ - General Obligation; Public Coll/Univ - Unlimited Student Fees - S&P Global Ratings’ Credit Research
Summary: University of Pittsburgh of the Commonwealth System of Higher Education; Private Coll/Univ - General Obligation; Public Coll/Univ - Unlimited Student Fees
Published Nov 01, 2023
5 pages (2177 words) — Published Nov 01, 2023
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA+' rating to the University of Pittsburgh of the Commonwealth System of Higher Education's (Pitt)'s approximately $190 million 2023 PANTHERS notes and $250 million series 2023A bonds. At the same time, S&P Global Ratings affirmed its 'AA+' rating and 'AA+/A-1+' rating on Pitt's debt outstanding. The outlook, where applicable, is stable. The university has total debt outstanding of approximately $1.8 billion, inclusive of all finance (capital and operating) leases. Pro forma for these issuances, total debt outstanding will equal about $2.0 billion. Pitt will use the proceeds of the 2023 PANTHERS to refinance the 2019 PANTHERS and the proceeds of the bonds will reimburse the university for previous capital expenditures. All debt is secured by

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '##+' rating to the University of Pittsburgh of the Commonwealth System of Higher Education's (Pitt)'s approximately $190 million 2023 PANTHERS notes and $250 million series 2023A bonds. + At the same time, S&P Global Ratings affirmed its '##+' rating and '##+/A-1+' rating on Pitt's debt outstanding. + The outlook, where applicable, is stable....

  
Report Type:

Summary

Issuer
University of Pittsburgh of the Commonwealth System of Higher Education
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 of the Commonwealth System of Higher Education; Private Coll/Univ - General Obligation; Public Coll/Univ - Unlimited Student Fees" Nov 01, 2023. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-University-of-Pittsburgh-of-the-Commonwealth-System-of-Higher-Education-Private-Coll-Univ-General-Obligation-Public-Coll-Univ-Unlimited-Student-Fees-3082129>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: University of Pittsburgh of the Commonwealth System of Higher Education; Private Coll/Univ - General Obligation; Public Coll/Univ - Unlimited Student Fees Nov 01, 2023. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-University-of-Pittsburgh-of-the-Commonwealth-System-of-Higher-Education-Private-Coll-Univ-General-Obligation-Public-Coll-Univ-Unlimited-Student-Fees-3082129>
  
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