Fitch Ratings has affirmed its “BBB” rating on more than $100 million in a series of bonds issued for the University of Tampa.
The bonds include $73.6 million Higher Educational Facilities financing Authority bonds and $40.2 million in City of Tampa Bonds, according to a written statement.
The rating - which is the lowest investment grade rating Fitch issues - is tied to UT’s track record of operating performance, including its positive operating margins. The university reported a 11.3 percent…
Fitch Ratings has affirmed its “BBB” rating on more than $100 million in a series of bonds issued for the University of Tampa.
The bonds include $73.6 million Higher Educational Facilities financing Authority bonds and $40.2 million in City of Tampa Bonds, according to a written statement.
The rating - which is the lowest investment grade rating Fitch issues - is tied to UT’s track record of operating performance, including its positive operating margins. The university reported a 11.3 percent…