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Summary: Northwestern University, Illinois; CP; Private Coll/Univ - General Obligation Dec 07

  • ID: 1723118
  • December 2007
  • Region: Illinois
  • Standard & Poors
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FEATURED COMPANIES

  • Illinois Fin Auth
  • Northwestern Univ
  • MORE

Abstract
Standard & Poor's Ratings Services revised its rating outlook to positive on the Illinois Finance Authority's tax-exempt bonds, issued for Northwestern University. In addition, Standard & Poor's affirmed its 'AA+' rating on Northwestern's debt and affirmed its 'A-1+' rating on the university's outstanding parity short-term debt. The 'AA+' rating reflects the university's: Exceptional student quality (with a fall 2007 average SAT of 1421) and strong student demand for its comprehensive academic programs, evidenced by increasing freshman selectivity (to an impressive 24.8% in fall of 2007 from 34.2% in fall 2002); Excellent liquidity -- supported by approximately $6.5 billion of total investments -- further boosted by an estimated net cash receipt of $575 million on Dec. 19, 2007, related to the...

Companies mentioned in this report are:
- Northwestern Univ
- Illinois Fin Auth

Action: Affirmed
Action: On CreditWatch:Positive

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress READ MORE >

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- Northwestern Univ
- Illinois Fin Auth

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