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Bradley University, Illinois Illinois Finance Authority; Insured Liquidity; Private Coll/Univ - General Obligation
Standard & Poors, May 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: Full Analysis
Abstract
Standard & Poor's Ratings Services revised its long-term rating outlook to positive from stable on Bradley University, Ill.'s debt. Additionally, Standard & Poor's affirmed its 'A-' long-term rating on the Illinois Development Finance Authority's series 2002 and 1999 revenue bonds, issued for Bradley University. The revised outlook was due to expectations of continued strong operating performance and improving demand, moderate expected debt issuance with no decline in liquidity due to concurrent fundraising, and the maintenance of a moderate debt burden. Rating factors include the university's: Stable enrollment and improvement in the demand profile, coupled with stable near-term demographics for graduating high school students in Illinois; Consistent operating surpluses on a full accrual basis; Solid liquidity for the rating category, with...
Companies mentioned in this report are: Bradley Univ,Illinois Fin Auth,Illinois Dev Fin Auth
Action: Outlook Revised
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