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Agnes Scott College, GA Bond Rating Outlook Revised To Stable On Steady Endowment Levels
Standard & Poors, March 2006
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
NEW YORK (Standard & Poor's) March 30, 2006--Standard & Poor's revised its rating outlook on Georgia Private Colleges and Universities Authority's revenue bonds, issued for Agnes Scott College, to stable from negative, reflecting the college's stabilized endowment levels, balanced operating results, and enrollment growth. Standard & Poor's also affirmed its 'AA' long-term and underlying ratings (SPURs) on the bonds. 'If a decline in the level of financial resources was to resume or additional debt issued, a rating downgrade could occur,' said Standard & Poor's credit analyst Joshua Stern. Among the positive factors that support the outlook revision is the college's enrollment growth occurred alongside increased applications and improved selectivity, and its reduced endowment concentration in Coca-Cola Co. stock could limit...
Companies mentioned in this report are: Agnes Scott Coll,Georgia Priv Coll & Univ Auth
Action: Affirmed
Action: Outlook: Stable
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