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Boston University, MA Bonds Rated 'A-' On Consistently Good Financial Operations May 08
Standard & Poors, May 2008
Abstract
BOSTON (Standard & Poor's) May 2, 2008--Standard & Poor's Ratings Services assigned its 'A-' long-term rating to Massachusetts Development Finance Agency series U bonds, issued for Boston University (BU). The outlook is stable. Standard & Poor's also affirmed its 'A-' long-term rating and 'A-' underlying rating (SPUR) on the outstanding debt issued for BU. 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 entering freshman class coming from Massachusetts; consistently good financial operations; and an endowment market value of slightly less than $1.2 billion as of Dec. 31, 2007. 'The stable outlook reflects our expectation that the university will continue to generate operating...
Companies mentioned in this report are: Boston Univ,Massachusetts Development Finance Agency
Action: Affirmed
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.
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