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Boston University, Mass. Series S Bonds Rated 'BBB+'; Outlook Stable Feb 04
Standard & Poors, Feb 2004
Abstract
NEW YORK (Standard & Poor's) Feb. 19, 2004--Standard & Poor's Ratings Services said it assigned its 'BBB+' rating to Massachusetts Health and Education Facility Authority's $35 million fixed-rate revenue bonds, series S, issued for Boston University, Mass. In addition, Standard & Poor's affirmed its 'BBB+' rating on the university's outstanding GO debt. The outlook is stable. 'The rating reflects the university's large, comprehensive academic and research programs, strong demand, excellent student quality, and national draw,' said Standard & Poor's credit analyst Marc Savaria. 'In addition, the rating is supported by consistently good financial operations and an endowment market value of just over $700 million as of Jan. 31, 2004,' he added. Offsetting factors include low levels of liquidity for the...
Companies mentioned in this report are: Boston Univ
Action: Affirmed
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: 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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