Standard & Poor's Ratings Services assigned its 'A-' long-term rating to New York State Dormitory Authority's series 2011 bonds, issued for The New School University. At the same time, Standard & Poor's affirmed its 'A-' long-term rating on the series 2010 bonds issued for The New School. The outlook is stable. The 'A-' rating reflects our assessment of The New School's: Conservative budgeting resulting in consistent operating surpluses based on generally accepted accounting principles (GAAP), including a $13.8 million operating surplus in fiscal 2010 and a surplus expected for fiscal 2011; Strong demand characteristics for a self-selective, arts-focused institution with an undergraduate acceptance rate of 63% and a 36% matriculation rate for fall 2010; Growing headcount enrollment with an increase...
Companies mentioned in this report are:
- The New School
- Dorm Auth of the St of New York
Action: New Rating
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