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Bond Rating On Yale University, CT Affirmed On Stable Operating And Demand Trends Sep 11
Standard & Poors, Sep 2011
Abstract
NEW YORK (Standard & Poor's) Sept. 19, 2011--Standard & Poor's Ratings Services affirmed its 'AAA' long-term rating on the Connecticut Health & Educational Facilities Authority's revenue bonds, issued for Yale University, and its 'AAA' long-term rating and 'A-1+' short-term rating on various fixed-rate debt issued by the university and for the university. 'The stable outlook reflects our expectation that Yale will maintain its positive operating performance on a generally accepted accounting principles (GAAP) basis, large endowment, and strong levels of financial resources,' said Standard & Poor's credit analyst Mary Peloquin-Dodd. 'In addition, we expect that the university's impressive demand and stable enrollment trends will continue and that Yale will limit its debt issuance during the next two years,' said Ms....
Companies mentioned in this report are: Yale Univ,Connecticut Hlth & Educl Facs Auth
Action: Affirmed
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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