Nov 27 Standard & Poor's Ratings Services said
on Tuesday it revised its outlook on all Arizona Board of
Regents debt issued for the University of Arizona to negative
from stable due to concerns over its finances and funding.
Total debt for the university is $1.146 billion, S&P said in
"The outlook revision reflects our view that during the next
two years, the university may issue debt that may pressure its
financial resource and debt burden ratios, which we already
consider low for the rating category," said S&P credit analyst
Carlotta Mills. "The outlook also reflects our view of the risk
that the university may not be able to return to positive
operations given the drop in state funds."