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Boston University, MA Bonds Raised To 'A-' On Impressive Operations And Strong Demand Feb 08
Standard & Poors, February 2008
BOSTON (Standard & Poor's) Feb. 15, 2008--Standard & Poor's Ratings Services raised its long-term rating on Boston University, 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. The outlook is stable. "The upgrade also reflects the significant improvement in Boston University's governance and stability in leadership, which should bode well for the university as it begins a significant capital campaign," said Standard & Poor's credit analyst Marc Savaria. "We expect that the university will continue to generate operating surpluses, have a successful capital campaign, and maintain its strong demand." The 'A-' rating reflects Boston University's large, comprehensive academic program; strong student demand,...
Companies mentioned in this report are: Boston Univ
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
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