Higher education bonds

Standard & Poor’s affirmed its AAA long-term rating on Yale University revenue bonds issued through the Connecticut Health and Educational Facilities Authority, as well as the AAA long-term rating and A-1-plus short-term rating on various long- and short-term debt issued by and for the university.

DALLAS - Texas Sen. Kirk Watson, D-Austin, outlined a 10-part, 10-year plan Tuesday to build an academic hospital and medical school at the University of Texas in Austin.

Moody’s Investors Service has revised its outlook to positive from stable on the University of Wisconsin Hospitals and Clinics’ A1 rating due to its improved fiscal performance.

Moody’s Investors Service has downgraded Monmouth College by one notch to Baa3, the lowest investment-grade level, and assigned a negative outlook as the school grapples with a weakening market position and operating pressures.

CHICAGO - The Illinois Finance Authority board this week approved Novi, Mich.-based Trinity Health Corp.'s issue of up to $600 million tied to its acquisition of Loyola University Health System in suburban Chicago, and advanced a Midwestern disaster area revenue bond issue for Cargill Inc.

DALLAS - Loyola University New Orleans plans to renovate and expand five structures on its campus in the uptown section of New Orleans with proceeds from $125 million of revenue bonds.

The California State University system will sell $430 million of revenue bonds on Wednesday.

The University of New England has received a $3.5 million state award from the Maine Center for Disease Control and Prevention to help open the first college of dental medicine in northern New England.

CHICAGO - The Ohio State University board this week will consider a proposal to privatize its parking system for an upfront payment from a private operator.

DALLAS - No revenue bond debt will be required to build a new $1 billion state teaching hospital in New Orleans under a revised business plan being considered Thursday by the University Medical Center Management Corp.

DALLAS - The Texas A&M University System is giving a lean muni market a taste of its top-rated debt Wednesday with $87.2 million of bonds backed by the Texas Permanent University Fund.

Midwestern University will expand its facilities in Glendale, Ariz., and Downers Grove, Ill., with proceeds from $50 million of tax-exempt revenue bonds approved last week by the Glendale city council.

Moody’s Investors Services changed its outlook from positive to stable on $100 million of fixed-rate revenue bonds that Chapman University, a private school in Orange County, plans to issue.

BRADENTON, Fla. — A federal bankruptcy judge has allowed Lambuth University to lease its grounds to Tennessee's Board of Regents so that utilities remain on and the University of Memphis can begin offering classes there this fall.

Fitch Ratings has affirmed its long-term triple-A rating on Dartmouth College bonds issued by the New Hampshire Health and Education Facilities Authority, while assigning a stable outlook.

Moody's Investors Service last week affirmed Central College's low investment-grade underlying rating of Baa3 as it warned that a downgrade could loom due to challenges tied to thin liquidity coverage of its floating-rate debt.

Chapman University, a private university in Orange County is seeking approval from the California Educational Facilities Authority to issue $100 million worth of bonds to construct new buildings and improve existing facilities.

Berklee College of Music is planning a $90 million bond sale to help finance construction of a performance center, dormitory and dining hall at its main Boston campus.

Fitch Ratings placed all outstanding notes of the Vermont Student Assistance Corp. 1995 bond resolution on negative rating watch.

Moody’s Investors Service has assigned a stable rating to Rensselaer Polytechnic Institute, two weeks before the nation’s largest technological research university plans to remarket its Series 2002E bonds as fixed rate, and sell $40 million of taxable debt through a private placement.