- Published: May 2012
- Region: United States
Summary: California Educational Facilities Authority Pomona College; Private Coll/Univ - General Obligation Jun 11
- Published: June 2011
- Region: California
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AAA' long-term rating to the California Educational Facilities Authority's fixed-rate refunding revenue bonds, series 2011, issued on behalf of Pomona College. Standard & Poor's also affirmed its 'AAA' long-term rating on the authority's fixed-rate revenue bonds, series 2009A, 2008A, 2005A, 2001, and 1999A, issued on behalf of the college. The outlook is stable. The rating reflects our opinion of the college's: Strong financial resources supported by approximately $1.35 billion in expendable resources as of June 30, 2010, which represents 7.3x total debt and more than 9.3x operating expenses; Manageable debt burden of about 6.2%, with debt outstanding totaling $185.5 million and no additional debt plans for the near future; Consistently positive operating results;...
Companies mentioned in this report are: Pomona Coll,California Ed Fac Auth
Action: New Rating
Action: Outlook: Stable
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Pomona Coll,California Ed Fac Auth