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American University, DC Bonds Rated 'A' Mar 03
Standard & Poors, March 2003
Abstract
NEW YORK (Standard & Poor's) March 25, 2003--Standard & Poor's Ratings Services said today it assigned its 'A' rating to the District of Columbia's $37 million revenue bonds, series 2003, issued for American University (AU). The outlook is stable. Standard & Poor's also said it affirmed its 'A' issuer credit rating (ICR) on AU. The rating reflects stable demand characteristics, evidenced by increasing enrollment and freshman applications, improving student quality, and a solid academic niche in programs with a global focus; a long history of balanced financial operations, with conservative budgetary practices and a consistent dedication to funding various financial reserves; strong growth in endowment, with little reliance on endowment earnings; a well-maintained campus, located in the residential environment of...
Companies mentioned in this report are: American Univ,District of Columbia
Action: New Rating
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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