Fitch Affirms University of North Texas System (TX) Short-Term Rating

[Harry]

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

[VideoEagle]

This is really great news. Now to find out what we are going actually owe the state.

[oldguystudent]

I mean, I guess it's good news, but does anybody trust credit rating agencies anymore? If so, I've got some spectacular AAA rated real estate securitized mortgages I can sell you.

Honest question, have they revamped the rules of how they come up with their ratings?

[DallasGreen]

I mean, I guess it's good news, but does anybody trust credit rating agencies anymore? If so, I've got some spectacular AAA rated real estate securitized mortgages I can sell you.Honest question, have they revamped the rules of how they come up with their ratings?

We will at most owe the state for last three years which are already paid. A non- issue, let's get on to straightening out the errors in passage of athletic fee and up it to $20. per hour to be competitive!!!!

[UNTexas]

Honest question: (not trolling b/c folks get fired up on this)

Does this have an impact on the title Teir 1?

Also, what steps is the university taking to obtain a higher academic standard?