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Camden County Improvement Authority, New Jersey Rowan University; Public Coll/Univ - Unlimited Student Fees
Standard & Poors, Nov 2010
Abstract
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 'A+' rating reflects our view of the university's: Strong financial performance, demonstrated by a generally consistent generation of operating surpluses; Healthy admissions flexibility, evidenced by with increasing student demand, competitive acceptance rates, good matriculation rates, and improving student quality; A state-supported medical school that should boost Rowan's research and demand profiles and attract more resources; Strong management team with a history of...
Companies mentioned in this report are: Rowan Univ,New Jersey Educl Facs Auth,Camden Cnty Imp Auth
Action: New Rating
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
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