Purdue University Board of Trustees, Indiana Purdue University; Higher Education, Appropriations; Higher Education, Public Coll/Univ - Unlimited Student Fees Feb 05

Standard & Poors, February 2005

Abstract
Standard & Poor's Ratings Services assigned its 'AA/A-1+' rating on the Purdue University Board of Trustees, Ind.'s student facilities system revenue bonds, series 2005A, issued for Purdue University, and affirmed its 'AA' and 'AA/A-1+' ratings on the university's outstanding debt. The 'AA' long-term rating 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 net assets; Historically strong operating results, demonstrated by consistently positive operating performance on a consolidated GASB basis; Successful fundraising that has increased the endowment of the university, as well as its affiliated foundations; Solid demand trends that have remained strong, despite large tuition increases; and Manageable debt burden, with annual...

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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