Moody's gives P-1 to University of Chicago CP notes

Moody's Investors Service said it assigned a P-1 short-term rating to the University of Chicago's $200 million series A taxable commercial paper notes and revised the rating of the university's series 2001B-1 and 2001B-2 bonds to Aa1/VMIG1 from Aa1.

The series 2001B-1 and 2001B-2 bonds were issued through the Illinois Finance Authority (formerly the Illinois Educational Facilities Authority).

The expected sale date for the 2008 bonds is June 19. Proceeds will be used for capital projects and other purposes.

The outlook is stable.

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