Moody's affirms Aaa/VMIG 1 for University of Texas

Moody's Investors Service said it affirmed the Aaa/VMIG 1 ratings on the University of Texas System's permanent university fund flexible-rate note program, series A, in connection with a $150 million issuance under the program.

The program is sized at $400 million, and $250 million is outstanding.

Moody's said the notes will be issued in the flexible-rate period and have a final maturity of May 15, 2030.

The outlook is stable.

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