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Association of American Medical Colleges, DC Bonds Raised To 'AA' On Stronger Financials Jun 07
Standard & Poors, June 2007
Abstract
NEW YORK (Standard & Poor's) June 13, 2007--Standard & Poor's Ratings Services raised its underlying rating (SPUR) on District of Columbia's revenue bonds, issued for the Association of American Medical Colleges (AAMC), to 'AA' from 'AA-', reflecting a stronger financial profile. At the same time, Standard & Poor's assigned its 'AA' rating to the District of Columbia's series 2007 revenue bonds. The outlook is stable. 'We expect that AAMC will continue to balance operations and maintain or grow liquidity levels,' said Standard & Poor's credit analyst Mary Peloquin-Dodd. The 'AA' SPUR rating reflects the association's unique role in the services its provides, specifically medical school entrance testing, medical school applications, electronic residency applications, and medical school accreditation; and very strong...
Companies mentioned in this report are: Assn of American Med Coll,District of Columbia
Action: New Rating
Action: Outlook: Stable
Action: Upgraded
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.
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