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
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Research Type: Full Analysis