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Boston University, Massachusetts; Private Coll/Univ - General Obligation Feb 08
Standard & Poors, Feb 2008
Abstract
Standard & Poor's Ratings Services raised its long-term rating on Boston University (BU), Mass.' debt to 'A-' from 'BBB+', reflecting the university's continued strong student demand, large increase in its endowment, and impressive operating performance over the last few years. Furthermore, Standard & Poor's has seen a significant improvement in governance and stability in leadership, which should bode well for the university as it has begun a significant capital campaign. The university's debt level has increased significantly over the past 10 years, but management expects the growth of issuance to slow in the future. The 'A-' rating is supported by: A large, comprehensive academic program; Strong student demand, excellent student quality, and a national draw, with just 21% of the...
Companies mentioned in this report are: Boston Univ
Action: Upgraded
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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