District Of Columbia Gonzaga College High School; Independent Schools Nov 10
Standard & Poors, November 2010
Abstract
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:
- Gonzaga Coll High Sch
- District of Columbia
Action: Affirmed
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: Full Analysis
- Gonzaga Coll High Sch
- District of Columbia
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