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UNTS Bonds Assigned "AA" and "Aa2" Ratings

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.

 

Fitch Rates Univ. of North Texas System RFS Series 2020A & 2020B Revs 'AA'; Outlook Stable

Moody's assigns Aa2 to University of North Texas System's (TX) Series 2020A&B; outlook stable