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American University, DC Outlook Revised To Positive On Strong Financials Feb 08
Standard & Poors, Feb 2008
Abstract
NEW YORK (Standard & Poor's) Feb. 7, 2008--Standard & Poor's Ratings Services revised its rating outlook on District of Columbia's various bonds, issued for American University, to positive from stable, reflecting the university's consistently strong operating performance and improved liquidity. At the same time, Standard & Poor's affirmed its 'A' standard long-term rating and underlying rating (SPUR) on the District of Columbia's bonds, issued for American University. 'We expect that the university's strong operating performance and steady enrollment will continue,' said Standard & Poor's credit analyst Gwendolyn Shufro. 'We could raise the rating if the university maintains good liquidity levels even with additional debt issuance.' The 'A' rating reflects the university's strong financial performance in fiscal 2007, with an adjusted...
Companies mentioned in this report are: American Univ,District of Columbia
Action: Affirmed
Action: Outlook: Positive
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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