- Published: May 2012
- Region: New Jersey, United States
Princeton University, New Jersey; CP; Private Coll/Univ - General Obligation Jan 09
- Published: January 2009
- Region: New Jersey
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AAA' standard long-term rating to Princeton University's $1 billion series 2009A taxable bonds. Standard & Poor's also affirmed its 'AAA' long-term rating on the university's previously issued bonds for Princeton University and its 'A-1+' short-term rating on the university's commercial paper (CP) program. The 'A-1+' rating on the CP program reflects liquidity provided by Princeton University to cover the purchase price of CP that is not successfully remarketed or rolled over. The 'AAA' rating reflects the university's general obligation pledge, supported by Princeton's: Impressive demand for undergraduate and graduate programs; Considerable financial strength characterized by revenue diversity, historically strong financial performance, historically low endowment spending rates, and exceptional liquidity relative to operating expenses...
Companies mentioned in this report are: Princeton Univ
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
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