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Purdue University, Indiana; Higher Education, Public Coll/Univ - Unlimited Student Fees Jan 03 Product Image

Purdue University, Indiana; Higher Education, Public Coll/Univ - Unlimited Student Fees Jan 03

  • ID: 1804841
  • January 2003
  • Region: Indiana
  • Standard & Poors

Abstract
Standard & Poor's has assigned its 'AA' rating to the Purdue University Board of Trustees, Ind.'s student facilities system revenue bonds, series 2003A, issued for Purdue University. The outlook is stable. In addition, Standard & Poor's has affirmed its 'AA' rating on the Purdue University Board of Trustees' outstanding debt, issued for Purdue University. The rating reflects: A 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 and historically strong operating results; Successful fundraising that has increased the endowment of the university, as well as its affiliated foundations; and Solid demand trends that have remained strong despite a large tuition increase. Offsetting factors include...

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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