Rating History

Moody's Investor Service

9 June 2008 - Moody's upgrades North Carolina State University's General Revenue Rating to Aa2 from Aa3 in conjunction with sale of Series 2008 bonds. Outlook is stable
20 September 2006 - Moody's affirms Aa3 rating on North Carolina State University's General Revenue Bonds in conjunction with increase in authorization to the University's joint commercial paper program with the University of North Carolina at Chapel Hill. Outlook is stable.
25 January 2005 - Moody's assigns Aa3 rating to North Carolina State University at Raleigh's Series 2005A General Revenue Bonds. Outlook is stable. Ratings affirmed on the University's other outstanding debt.
11 June 2003 - Moody's assigns Aa3/VMIG1 rating to North Carolina State University at Raleigh's Series 2003B Variable Rate General Revenue Bonds. Outlook is stable
2 June 2003 - Moody's assigns Aa3 rating to North Carolina State University at Raleigh's Series 2003A General Revenue Bonds. Outlook is stable
18 March 2002 - Moody's upgrades rating on most North Carolina State University debt to Aa3 from A1 and assigns Aa3 rating with stable outlook to Series 2002B and C General Revenue Refunding Bonds.

For more information see www.moody's.com

3 June 2009 - S& P affirms its ‘A-1+’ rating on the University of North Carolina Board of Governors’s commercial paper (CP) program issued by and for North Carolina State University at Raleigh as well as its ‘AA’ long-term ratings and ‘AA’ underlying rating (SPUR) on the university’s revenue bonds. The ‘AA/A-1+’ and ‘AA/A-1’ ratings on the variable-rate demand bonds, supported by standby bond purchase agreements (SBPAs), are also affirmed.
17 June 2008 - S&P affirms AA rating for North Carolina State University at Raleigh in conjunction with sale of Series 2008 bonds. Outlook is stable.
25 January 2005 - S&P assigns AA rating to North Carolina State University at Raleigh's Series 2005A General Revenue Bonds. Outlook is stable. Ratings affirmed on the University's other outstanding debt.
16 June 2005 - S&P assigns AA/A-1+ rating to North Carolina State University at Raleigh's Series 2003B Variable Rate General Revenue Bonds. Outlook is stable.
29 May 2003 - S&P assigns AA rating to North Carolina State University at Raleigh's Series 2003A General Revenue Bonds. Outlook is stable.
15 March 2002 - S&P assigns AA rating to North Carolina State University at Raleigh's Series 2002B and C General Revenue Refunding Bonds.

For more information see www.standardandpoors.com