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Adams County Industrial Development Authority, Pennsylvania Gettysburg College; Private Coll/Univ - General Obligation Oct 11 Product Image

Adams County Industrial Development Authority, Pennsylvania Gettysburg College; Private Coll/Univ - General Obligation Oct 11

  • Published: October 2011
  • Region: Pennsylvania
  • Standard & Poors

FEATURED COMPANIES

  • Adams Cnty Indl Dev Auth
  • Gettysburg Coll
  • Gettysburg Mun Auth
  • MORE

Abstract
Standard & Poor's Ratings Services affirmed its 'A' long-term ratings on Adams County Industrial Development Authority's series 2010 revenue bonds and Gettysburg Municipal Authority's series 2008A revenue bonds, both issued for Gettysburg College, Pa. The outlook is stable. The 'A' rating reflects our assessment of the college's: Stable enrollment and strong demand characteristics, coupled with good student quality; Healthy financial operations, with consistent operating surpluses, including a fiscal 2010 operating surplus of $4.6 million; and Adequate financial resources for the rating category, with expendable resources of $105 million as of May 31 2010, representing 73% of operating expenses and 110% of debt In our opinion, partially offsetting credit factors include a high pro forma maximum annual debt service burden of...

Companies mentioned in this report are:
- Gettysburg Coll
- Gettysburg Mun Auth
- Adams Cnty Indl Dev Auth

Action: Affirmed

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance READ MORE >

- Gettysburg Coll
- Gettysburg Mun Auth
- Adams Cnty Indl Dev Auth

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