Munis

Tax reform proposals to curb tax exemption for municipal securities would create uncertainty in the market, possibly lead to higher borrowing costs, and hurt infrastructure development, issuer and borrower groups warned a Senate Finance Committee working group this week.

The Standard & Poor’s outlook on Lubbock Christian University’s BBB rating has shifted to negative amid falling enrollment and dependence on tuition.

The Texas House of Representatives has passed Rep. John Zerwas's House Bill 100 that allocates $3.1 billion of tuition revenue bonds for colleges and universities across the state. No TRBs have won legislative approval in nearly a decade.

Declining state support and flat enrollment prompted Moody's Investors Service to cast a negative outlook on Kansas State University's upcoming sale of $61.7 million of revenue bonds rated Aa2.

The Tennessee State School Bond Authority is bringing $460 million of higher education facilities bonds to market on Wednesday.

Texas A&M University will take advantage of its top credit rating in a competitive sale of $289 million of Permanent University Fund bonds.

The Ohio State University wants a private firm to take over its energy system for 50 years in exchange for an upfront cash payment, marking another first for a public university.

Fitch Ratings upgraded San Francisco Community College District, Calif.’s general obligation bonds to A from BBB-plus.

The University of Connecticut plans to issue about $300 million of GO bonds under its UConn2000 infrastructure improvement program.

The chief financial officer of Ohio State University, who helped craft the university's first-of-its-kind lease of its parking system, is leaving the university to take a job at the Australian company that is leasing the parking system.

Colorado State University will raise $252 million to build a football stadium on its Fort Collins campus through a series of taxable and tax-exempt bonds.

Fitch Ratings knocked Chicago-based Roosevelt University's rating down to the lowest investment grade level due to ongoing negative operations.

A Texas legislative subcommittee chaired by Rep. Trent Ashby gets $2.8 billion of tuition revenue bonds for colleges and universities moving in the 2015 session. It has been nine years since the last TRBs were authorized.

Peter Taylor, former chief financial officer for the University of California, has been appointed to the California State University Board of Trustees.

Florida Gulf Coast University's credit outlook stabilized Monday when two rating agencies found that recent modifications to the terms of a direct bank loan lessened the institution's contingent risk.

University of Oregon's plans to price $50 million March 17 represents its first direct sale to the markets.

The state of Kentucky will provide half of the financing needed to build a state-of-the-art medical research facility that will target diseases that disproportionately affect residents of the Commonwealth.

Moody's Investors Service has raised its outlook to stable from negative on the University of Arizona as it prepares a $228 million debt issue at the end of the month.

Texas Tech University System earned an upgrade from Moody's Investors Service and prospects for another from Standard & Poor's based on its growing financial resources, strong brand recognition and enrollment increases across its four campuses.

Sweet Briar College in Virginia, which announced that it will close this year, said it will pay its bond and debt obligations after Standard & Poor's lowered its bond ratings to B-minus from BBB.