Fitch Drops UT

Sigo, Shelly
March 2006
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, p33
Trade Publication
The article reports that Fitch Ratings has downgraded the underlying rating on the $27 million in bonds sold in 2002 for the University of Tampa in Florida. Fitch analyst Pam Clayton claims that the reason for the rating downgrade is the university's increasingly high debt burden. The university is preparing of the sale of $45 million of revenue bonds through the city of Tampa.


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