Mount Holyoke College, MA Series 2011B Bonds Rated ?AA-? On Good Financial Resources Jun 11
- ID: 1814906
- June 2011
- Standard & Poors
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
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article. SHOW LESS READ MORE >