Moody’s Investors Service last week raised Missouri State University’s auxiliary system revenue bonds one notch to A1 due to the completion of a multipurpose arena that has generated additional revenue to support debt service.

The review came ahead of MSU’s sale of $57 million of bonds, including $47 million of new-money and refunding auxiliary system revenue bonds and $10 million of new-money educational facilities revenue bonds that carry a Aa3 rating. The deal includes $30 million of taxable Build America Bonds.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.