A collection of news stories from around the state, focusing on the budget cuts and other news of interest to UF faculty, students, staff, and alums.

Sunday, November 23, 2008

Fitch Rates State University System Revs "AA," Stable Outlook, Market Watch

November 18, 2008

Fitch Ratings assigns an 'AA' rating to the approximately $60,000,000 of state of Florida, Board of Governors university system improvement revenue bonds (revenue bonds), series 2008A. The 2008A bonds are scheduled to sell competitively or via negotiation on or after the week of Nov. 17, 2008. Fitch also affirms the 'AA' rating on the State University System's (the system) $204.2 million of outstanding parity revenue bonds as follows:

--Florida Board of Education (formerly Florida State Board of Regents) university system improvement revenue bonds series 1997A, 1998, 2001;

--State of Florida (Florida Education System) university system improvement revenue and revenue refunding bonds series 2003A, 2005A, 2006A.

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