Search
 

UT System Snags AAA Fitch Rating in Time for Bond Sale

AUSTIN-The University of Texas System has been accorded a AAA bond rating, just in time for a planned bond sale in September. The bond sale will help finance a $3.4-billion, six-year capital improvement project.

By Tim Green | Updated on August 13, 2001

AUSTIN-Fitch gave a batch of University of Texas System’s revenue financing system bonds a AAA rating. Some of the proceeds of the bond sale will go toward capital projects at the system’s universities.

The rating applies to the system’s $161.3 million for series 2001B bonds and $88.3 million in series 2001C bonds. The New York City-based rating firm also affirmed the AAA rating on the UT system’s outstanding parity obligation bonds of $971.6 million of bonds and $179 of commercial paper previously issued through UT’s revenue financing system debt program.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.