| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for Waco Education Finance Corp. > News item |
S&P rates Baylor University, Texas, bonds AA-
Standard & Poor's said it assigned its AA- rating to Waco Education Finance Corp.'s $112.7 million of revenue refunding bonds, series 2008C, issued on behalf of Baylor University.
The 2008C bonds are expected to settle April 7 and mature Feb. 1, 2040.
The series 2008A, B and C bonds are being issued to refund a portion of the outstanding principal amount of the series 2002 and 2006 bonds.
The rating on the series 2008A and 2008B variable-rate demand bonds for $80 million, respectively, will reflect the long-term rating of the university; a short-term rating will reflect a standby bond purchase agreement with JPMorgan Chase. The series 2008C series is being sold as fixed-rate debt.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.