Search the Community
Showing results for tags 'UNT State Overfunding Issue'.
Found 1 result
-
KEY RATING DRIVERS STRONG RATING AND LIQUIDITY: UNT's strong long-term rating ('AA' with a Negative Outlook) and ample liquidity sources support the 'F1+' on its CP program. Fitch believes the resolution of a state overfunding issue expected later this year is unlikely to have an effect on UNT's CP rating, consistent with Fitch's short-term rating criteria. SOLID COVERAGE: Total resources provided solid 2.13x coverage of maximum potential requirements at Feb. 27, 2015, which was little changed from the prior year. UNT relies on its balance sheet resources to support the CP program; there is no bank liquidity facility. SOUND OVERALL PROFILE: UNT's location in a demographically vibrant state (GOs rated 'AAA' with a Stable Outlook by Fitch) supports healthy student demand and enrollment trends. The university's balance sheet ratios approximate Fitch's 'AA' rating category medians and fiscal 2014 operating results are measurably improved from recent years. RATING SENSITIVITIES OVERALL STRENGTHS BENEFIT RATING: UNT's strong long-term credit quality, coupled with its ample liquidity sources, should continue to support the 'F1+' on its CP program for the foreseeable future. Read more: http://www.businesswire.com/news/home/20150407006435/en/Fitch-Affirms-University-North-Texas-System-TX#.VSR0eOEnmuY