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Article: Fitch Rates Vanderbilt University (Tennessee) $250MM Series 2009A Taxable Notes 'AA'; Outlook Stable.
- Article from:
- Health & Beauty Close-Up
- Article date:
- February 26, 2009
CopyrightCOPYRIGHT 2009 Close-Up Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Fitch Ratings assigns an 'AA' rating to the approximately $250,000,000 of taxable notes, series 2009A (the notes) issued by Vanderbilt University (Vanderbilt, or the university).
The notes are expected to sell on or about Feb. 24th via negotiation. At the same time, Fitch affirms the following series of bonds issued through the Nashville & Davidson County Metropolitan Government Health & Educational Facilities Board:
--Approximately $575.8 million of outstanding fixed-rate revenue bonds at AA';
--Approximately $338.2 million of outstanding variable-rate revenue bonds at 'AA/F1+';
--$675 million commercial paper (CP) program at 'F1+'.
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