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District of Columbia/The George Washington University's Revs Rated 'A' Dec 99 Product Image

District of Columbia/The George Washington University's Revs Rated 'A' Dec 99

  • Published: December 1999
  • Standard & Poors

FEATURED COMPANIES

Abstract
NEW YORK (Standard & Poor's CreditWire) Dec 2, 1999?Standard & Poor's today assigned its single-'A' rating to the District of Columbia's (D.C.) $131 million university revenue bonds series 1999A, issued for The George Washington University. The bonds are scheduled to sell Dec 8, 1999. The rating reflects the university's general obligation pledge supported by: -- Strong and improving demand for the university's comprehensive academic programs; -- A demonstrated capacity to raise money, which along with good investment performance, has led to a substantial increase in endowment; and -- A proven management team, which set out to improve the university's visibility and stature, improve undergraduate student quality, and grow endowment, and ultimately accomplished these goals over the past decade. Other rating...

Companies mentioned in this report are:
- District of Columbia

Action: New Rating

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- District of Columbia

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