| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for Wayne State University > News item |
Moody's rates Wayne State University, Mich., bonds Aa3
Moody's Investors Service said it assigned at Aa3 rating and stable outlook to Wayne State University, Mich.'s $176.83 million of fixed-rate general revenue bonds, series 2008.
Sale of the bonds is expected on March 12.
The Aa3 underlying rating was also assigned to the university's parity debt - general revenue bonds series 1999, 2003B, 2006, 2007A and 2007B.
Of those, Ambac insures the series 2006 bonds, FGIC insures the 1999 and 2003B bonds and MBIA insures the 2007A and 2007B bonds.
Ambac is rated Aaa, on watch for possible downgrade. FGIC is rated A3, on watch for possible downgrade. MBIA is rated Aaa with a negative outlook.
© 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.