Louisiana Public Facilities Authority Loyola University; Private Coll/Univ - General Obligation Jan 13
- Language: English
- Published: January 2013
- Region: Louisiana
Standard & Poor's Ratings Services assigned its 'A+' long-term rating to the Louisiana Public Facilities Authority's approximate $125 million series 2011 revenue bonds, issued on behalf of Loyola University (LU), New Orleans. We also affirmed our 'A+' long-term rating and underlying rating (SPUR) on the university's outstanding 2010 and 2006 revenue bonds. The outlook is stable. The 'A+' ratings reflect our assessment of the university's: Strong leadership team, and solid planning and fiscal management, as demonstrated by the university's efforts to achieve a balanced operating budget in fiscal 2012 under the post-Katrina "financial equilibrium plan"; Growing enrollment from both larger incoming freshman classes and graduation of smaller post-Katrina classes, as well as increasing freshman applications, and stable and modestly selective...
Companies mentioned in this report are:
- Loyola Univ
- Louisiana Pub Facs Auth
Action: New Rating
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: Full Analysis