Summary: Midwestern Univ, IL; Higher Education, Private Coll/Univ - General Obligation Jun 04
- ID: 1722270
- June 2004
- Standard & Poors
Standard & Poor's Ratings Services raised its rating on various bonds issued by Glendale Industrial Development Authority, Ariz., Illinois Finance Authority, and Illinois Educational Facilities Authority, issued on behalf of Midwestern University (MWU), to 'A-' from 'BBB+'. The upgrade is based on MWU's stable enrollment, very strong demand, successful construction and operation of a second campus in Arizona, strong operating performance during the construction and expansion period, and minimal additional planned debt issuance. MWU's strong operating performance and demand profile help offset liquidity levels that are somewhat lower than those of most private universities rated in the 'A' category. Standard & Poor's also assigned its 'A-' rating to Glendale Industrial Development Authority's $16.835 million revenue refunding bonds series 2004, issued...
Companies mentioned in this report are:
- Midwestern Univ
- Illinois Educl Fac Auth
- Illinois Fin Auth
- Glendale Indl Dev Auth AZ
Action: New Rating
Action: Outlook: Stable
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