Purdue University, Indiana; Higher Education, Public Coll/Univ - Limited Student Fees; Higher Education, Public Coll/Univ - Unlimited Student Fees Dec 01
Standard & Poors, December 2001
Abstract
The rating on the Purdue University Board of Trustees, Ind.'s bonds, issued for Purdue University, reflects: The university's co-flagship position in Indiana's public higher education system and healthy levels of state support despite some state budgetary pressure, Good growth in unrestricted money and historically strong operating results, Successful fundraising that has raised endowment and foundation monies, and Good demand trends. Bond proceeds will finance various projects and refund student fee bonds series F and G. The student fee bonds are supported by tuition and a wide variety of student fees. Purdue benefits from state appropriations for debt service, known as "fee-replacement" appropriations. These state funds are used to offset a portion of student fees used to pay debt service on...
Companies mentioned in this report are:
- Purdue Univ
- Purdue 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
- Purdue Univ
- Purdue Univ Brd of Trustees
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