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ARCHIVE | Criteria | Corporates | Project Finance: Rating Higher Education Institutions in Australia and New Zealand Aug 99
Standard & Poors, Aug 1999
Abstract
As the tertiary education sector in Australia and New Zealand becomes more entrepreneurial in the face of changes to government funding arrangements, credit ratings on higher education institutions in these two countries are becoming more relevant. Standard & Poor's has considerable experience in rating debt issued by public and private higher education institutions in the U.S. and elsewhere. It has drawn on this experience to develop criteria for credit ratings on higher education institutions that are appropriate to the Australian and New Zealand environments. This article provides a brief overview of Standard & Poor's credit ratings and their benefits, as well as a more detailed commentary on the specific criteria we use for rating higher education institutions. Standard & Poor's...
Companies mentioned in this report are: Australia (Commonwealth of) (Unsolicited Ratings),New Zealand,Medical Centre Developments Pty Ltd.
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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