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
- Western Michigan Univ Brd of Trustees
Action: New Rating
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