Wednesday, June 17, 2020
The University of North Texas System is pleased to announce that both Fitch Ratings and Moody’s Investor Service have assigned “AA” and “Aa2” ratings to the following bonds that will be issued by our Board of Regents:
- $59.675 million RFS Refunding Bonds series 2020A
- $55.305 million RFS Refunding Bonds taxable series 2020B
When assessing the bonds, Moody’s specifically noted “the stable outlook reflects that, despite recent growth in operating expenses and operating headwinds from the coronavirus outbreak, the university’s cost-savings program will result in rebounding operating cash flow margins toward historical levels in fiscal 2021.” Check out the full press releases linked below.