ASU Receives A1 Ratings for Bond Projects

The Arkansas State University system has received an A1 rating by Moody's Investors Service for proposed refinancing bonds.

The New York ratings system on Monday assigned A1 status to ASU's proposed $21.1 million revenue refinancing bond that includes three issues totaling $6.7 million at the Jonesboro campus.

The projects include $4.1 million for the completion of Sorority Row, $1.1 million for the Honors Living Learning Community expansion and $1.3 million for improvements to Kay Hall.

In addition, proposed bond issues at ASU campuses in Beebe, Mountain Home and Newport received A1 ratings.

The first two bond series are expected to be sold on Nov. 27 and the third on Nov. 28, according to a press release.