Connecticut Health & Educational Facilities Authority Fairfield University; Private Coll/Univ - General Obligation Dec 12
- Language: English
- Published: December 2012
- Region: Connecticut
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
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- - Yale Univ
- - Connecticut Hlth & Educl Facs Auth