Takeaways by Bloomberg AI
- The University of California is prepping a $2 billion municipal bond sale to support capital projects across its campuses and academic medical centers.
- The sale comes after a federal judge ordered the Trump administration to stop freezing or threatening to withhold federal grant money from the university, which had previously shelved a $1.5 billion offering in August.
- Fitch and S&P Global Ratings have affirmed ratings of AA with a stable outlook for the new bonds, citing expectations that UC’s operating performance will remain healthy despite near-term pressures on state funding and federal research grant revenue.
Bloomberg Markets
By Maxwell Adler
December 3, 2025