District Of Columbia Gallaudet University; Private Coll/Univ - General Obligation May 11
Standard & Poors, May 2011
Abstract
Standard & Poor's Ratings Services has assigned its 'A+' long-term rating to the District of Columbia's approximately $40 million series 2011 university revenue bonds, issued on behalf of Gallaudet University. The outlook is stable. We based the 'A+' rating on our assessment of the university's: Unique niche as a federally chartered private university that provides educational programs and training for individuals who are deaf or hard of hearing; Consistent support since 1864 from the U.S. federal government for operating revenue; History of balanced or surplus operating performance; Stable enrollment and niche demand profile as indicated by high acceptance and matriculation rates; Strong revenue diversity; and Low debt levels as indicated by a low pro forma debt burden. In our opinion,...
Companies mentioned in this report are:
- Gallaudet University
- District of Columbia
Action: Affirmed
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
- Gallaudet University
- District of Columbia
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW6
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
