NEW YORK (Standard & Poor's) June 7, 2011--Standard & Poor's Ratings Services has assigned its 'AA-' long-term rating, with a stable outlook, to the series 2011B Massachusetts Development Finance Agency (MDFA) revenue bonds, issued for Mount Holyoke College (MHC). At the same time, Standard & Poor's affirmed its 'AA-' long-term rating on revenue bonds previously issued by MDFA issued for MHC. "The long-term rating reflects our assessment of the college's good financial resource levels, large endowment, historically small to moderate operating surpluses on a full accrual basis, as well as its good academic reputation, excellent student quality, and a strong demand profile," said Standard & Poor's credit analyst Errol Arne. "Credit factors we believe somewhat offset the preceding rating strength's...
Companies mentioned in this report are:
- Mount Holyoke Coll
- Massachusetts Development Finance Agency
Action: New Rating
Action: Outlook: Stable
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Research type: News
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