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Brooklyn Law School, New York New York State Dormitory Authority; Higher Education, Private Coll/Univ - General Obligation Dec 05
Standard & Poors, Dec 2005
Abstract
Standard & Poor's Ratings Services raised its underlying rating (SPUR) on New York State Dormitory Authority's revenue bonds series 2003A-C, issued for Brooklyn Law School, to 'BBB+' from 'BBB'. The rating action reflects improvements made by the school during the past five fiscal years in many key areas, including demand, financial operations, and liquidity. The school's demand flexibility has improved gradually over this time period, evidenced by a fall 2005 acceptance rate of 28% compared with 43% in fall 2000. The school achieved this lower selectivity while improving its matriculation rate, which was a strong 37% for fall 2005 compared with 34% in fall 2000. In addition, operating results continue to be very strong, and are improving with margins well...
Companies mentioned in this report are: Brooklyn Law Sch,New York State Dorm Auth
Action: Upgraded
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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