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Camden County Improvement Authority, NJ, 2010 Revenue Bonds Issued For Rowan University Rated 'A+'
Standard & Poors, Nov 2010
Abstract
TORONTO (Standard & Poor's) Nov. 18, 2010--Standard & Poor's Ratings Services has assigned its 'A+' long-term rating to the Camden County Improvement Authority (CCIA or the authority), N.J.'s lease revenue bonds, series 2010, issued on behalf of Rowan University. At the same time, Standard & Poor's affirmed its 'A+' long-term and underlying ratings on Rowan's general revenue debt outstanding. The outlook is stable. 'The rating reflects our view of the university's strong financial performance, healthy admissions flexibility, state-supported medical school, strong management team with a history of good strategic planning, financial support from the State of New Jersey, and low-but-adequate liquidity,' said Standard & Poor's credit analyst Suleman Souleyman. Bond proceeds will develop, construct, and equip a six-story medical school...
Companies mentioned in this report are: Rowan Univ,Camden Cnty Imp Auth
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
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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