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Western Michigan University Board Of Trustees, Western Michigan University; Public Coll/Univ - Unlimited Student Fees May 11 Product Image

Western Michigan University Board Of Trustees, Western Michigan University; Public Coll/Univ - Unlimited Student Fees May 11

  • ID: 1795372
  • May 2011
  • Region: Michigan
  • Standard & Poors

FEATURED COMPANIES

  • Michigan
  • Western Michigan Univ
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'A' long-term rating to Western Michigan University Board Of Trustees' series 2011 general revenue and refunding bonds, issued for Western Michigan University (WMU). At the same time, Standard & Poor's affirmed its 'A' long-term and underlying rating (SPUR) rating on WMU's outstanding general revenue bonds, which were also issued by the board of trustees. The outlook on all bonds is stable. The rating reflects our view of WMU's: Continued enrollment fluctuations that have become more stabilized after several years of declines, with a 1.9% increase in fall 2010 and another modest projected increase for fall 2011; Consistently positive operating performance on a cash basis, although it has experienced negative operating performances on an...

Companies mentioned in this report are:
- Western Michigan Univ
- Michigan
- Western Michigan Univ Brd of Trustees

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

- Western Michigan Univ
- Michigan
- Western Michigan Univ Brd of Trustees

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