Terry Hull, Associate Vice Chancellor and Chief Financial Officer
Permanent University Fund
Permanent University Fund
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Fitch Ratings-Chicago-17 November 2015: Fitch Ratings has assigned an 'AAA' rating to the approximately $241 million Board of Regents of the University of Texas System (UTS) Permanent University Fund (PUF) bonds taxable series 2015C and tax-exempt series 2016A.
Both series of bonds are expected to sell via negotiation the week of Dec. 1, 2015. Bond proceeds will permanently finance about $262.5 million of outstanding PUF commercial paper (CP).
Fitch has also affirmed the 'AAA' rating on approximately $1.784 billion of outstanding PUF bonds and the F1+ rating on various UTS bonds and commercial paper programs listed at the end of this release.
The Rating Outlook is Stable.
