University of Pittsburgh, PA's Nearly $100 Million Notes Assigned 'SP-1+' Rating - S&P Global Ratings’ Credit Research

University of Pittsburgh, PA's Nearly $100 Million Notes Assigned 'SP-1+' Rating

University of Pittsburgh, PA's Nearly $100 Million Notes Assigned 'SP-1+' Rating - S&P Global Ratings’ Credit Research
University of Pittsburgh, PA's Nearly $100 Million Notes Assigned 'SP-1+' Rating
Published Jun 30, 2015
Published Jun 30, 2015
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Abstract:

CHICAGO (Standard&Poor's) June 30, 2015--Standard&Poor's Ratings Services assigned its 'SP-1+' rating to University of Pittsburgh (UP), Penn.'s $100 million series 2015 Pitt asset notes. At the same time, Standard&Poor's Ratings Services affirmed its 'AA+' and 'AA+/A-1+' ratings on UP's existing debt. The outlook, where applicable, is stable. "The 'SP-1+' rating is based on UP's history of solid market access and overall credit quality," said Standard&Poor's credit analyst Jessica Wood. "The 'AA+' rating reflects our view of UP's strong demand and enrollment measures, as well as its strong financial profile," Ms. Wood added. We understand that proceeds of the $100 million notes will be used to finance or reimburse the university for a

  
Report Type:

Ratings Action

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. "University of Pittsburgh, PA's Nearly $100 Million Notes Assigned 'SP-1+' Rating" Jun 30, 2015. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/University-of-Pittsburgh-PA-s-Nearly-100-Million-Notes-Assigned-SP-1-Rating-1410607>
  
APA:
S&P Global Ratings’ Credit Research. (). University of Pittsburgh, PA's Nearly $100 Million Notes Assigned 'SP-1+' Rating Jun 30, 2015. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/University-of-Pittsburgh-PA-s-Nearly-100-Million-Notes-Assigned-SP-1-Rating-1410607>
  
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