State University of New York; Higher Education, Appropriations; Higher Education, Public Coll/Univ - Unlimited Student Fees Mar 05

  • ID: 1951939
  • March 2005
  • Region: New York
  • Standard & Poors
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  • New York State Dorm Auth
  • State Univ Of New York
  • MORE

Standard & Poor's Ratings Services assigned its 'AA-' rating to the New York State Dormitory Authority's $74.7 million lease-revenue bonds, series 2005A, issued for the State University of New York (SUNY). In addition, Standard & Poor's affirmed its 'AA-' underlying rating (SPUR) and standard long-term rating on the authority's outstanding lease-revenue debt, also issued for SUNY. The outlook is stable. The rating reflects SUNY's GO pledge, which is supported by: The large, comprehensive nature of the system and improving demand for academic programs; An increasingly diverse base of revenues, including growing research, grants, and contracts; A level of operating appropriations per student ($10,000 per student, based on headcount enrollment), which places the system among the better funded of U.S. public...

Companies mentioned in this report are:
- State Univ Of New York
- New York State Dorm Auth

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: Full Analysis

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- State Univ Of New York
- New York State Dorm Auth

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