District Of Columbia Gonzaga College High School; Independent Schools Nov 10

  • ID: 1930651
  • November 2010
  • Standard & Poors
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Standard & Poor's Ratings Services affirmed its 'BBB' underlying rating (SPUR) on District of Columbia's series 1999 and 2002 revenue bonds, issued for Gonzaga College High School. The rating reflects our opinion of Gonzaga's: Strong academic reputation and competitive demand profile, partly due to the school's niche as an all-male Catholic high school; Growing enrollment, reaching a high of 959 students in fall 2010; Solid financial resource levels, with fiscal 2010 expendable resources equal to 188% of operating expenses and 115% of debt; and Moderate tuition levels compared with other private independent schools in the metropolitan Washington, D.C. area. In our view, factors that partially offset these strengths include limited flexibility in the operating budget; very high maximum annual debt...

Companies mentioned in this report are:
- District of Columbia

Action: Affirmed

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- District of Columbia

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