TITLE

Moody's: BU Stable at A3

AUTHOR(S)
Kaske, Michelle
PUB. DATE
August 2006
SOURCE
Bond Buyer;8/7/2006, Vol. 358 Issue 32439, p25
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the A3 rating for Boston University's total outstanding debt of $1.1 billion has been affirmed by Moody's Investors Service. Moody's also changed its outlook for the company from stable to negative based on strong tuition revenue and large holdings of marketable real estate. Meanwhile, the Massachusetts university is planning to sale $150 million bonds in 2007 for its two student housing towers.
ACCESSION #
21888615

 

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