• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Yale University, Connecticut; CP; Private Coll/Univ - General Obligation Sep 11 Product Image

Yale University, Connecticut; CP; Private Coll/Univ - General Obligation Sep 11

  • Published: September 2011
  • Region: Connecticut
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'AAA' long-term rating on the Connecticut Health and Educational Facilities Authority's revenue bonds, issued for Yale University. We also affirmed our 'AAA' long-term rating and 'A-1+' short-term rating on various fixed-rate debt issued by the university and for the university. The 'AAA' rating reflects our opinion of the university's: Impressive demand for academic programs and program diversity; Historically strong financial performance on a generally accepted accounting principles (GAAP) full-accrual basis and good performance from fiscals 2009 to 2011; Successful fundraising history and the recent completion of a $3.5 billion capital campaign; Still adequate, though significantly reduced, expendable resources of $15 billion as of June 30, 2010, accounting for 5.4x annual operating expenses and...

Companies mentioned in this report are:
- Yale Univ
- Connecticut Hlth & Educl Facs Auth

Action: Affirmed

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured READ MORE >

- Yale Univ
- Connecticut Hlth & Educl Facs Auth

Note: Product cover images may vary from those shown

RELATED PRODUCTS