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New Jersey Educational Facilities Authority Princeton University; Revenue - Higher Education, CP; Revenue - Higher Education, Private Coll/Univ - General Obligation Jul 99
Standard & Poors, July 1999
The rating on New Jersey Educational Facilities Authority's bonds, issued for Princeton University, reflects: Stable enrollment trends and highly selective admissions; Very prestigious academic reputation; Considerable financial flexibility afforded by a diverse revenue stream and substantial liquidity; and Growing, but manageable, debt burden. Bonds are secured by Princeton's GO pledge and will fund several capital projects including renovation and major maintenance projects for several dorms and academic buildings. The outlook is predicated on the expectation that Princeton will continue to exhibit the exceptional demand and financial features that have made it one of the nation's most competitive institutions of higher education. Chartered in 1746 as the College of New Jersey, Princeton is one of the oldest private institutions of higher...
Companies mentioned in this report are: New Jersey Educl Facs Auth
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
New Jersey Educl Facs Auth