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Boston University, Massachusetts; Private Coll/Univ - General Obligation May 08
Standard & Poors, May 2008
Abstract
Standard & Poor's Ratings Services assigned its 'A-' long-term rating to Massachusetts Development Finance Agency's series U bonds, issued for Boston University (BU). Standard & Poor's also affirmed its 'A-' rating on the outstanding debt issued for BU. The rating outlook is stable. 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 March 31, 2007. Offsetting factors include: Low levels of liquidity for the current rating, with expendable resources at just 50% of adjusted operating expenses and 62% of pro...
Companies mentioned in this report are: Boston Univ,Massachusetts Development Finance Agency
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
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