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'A' Underlying Ratings On St. Lawrence University, NY Affirmed On Continued Solid Enrollment And Demand Trends May 09
Standard & Poors, May 2009
Abstract
BOSTON (Standard & Poor's) May 8, 2009--Standard & Poor's Ratings Services affirmed its 'A' underlying rating (SPUR), with a positive outlook, on the Dormitory Authority of the State of New York's series 2001A, 2005, and 2008 bonds issued for St. Lawrence University. Standard & Poor's based its affirmation on the university's continued solid enrollment and demand, stable financial operations, and successful fundraising. Offsetting credit factors include a tuition discount that remains above average at more than 40% for fiscal 2008; and while St. Lawrence appears to be managing enrollment well, demographic trends in its traditional recruiting areas indicate declines in high school graduates. 'The positive outlook reflects our expectation that the university's solid enrollment and demand will continue, operating performance...
Companies mentioned in this report are: St Lawrence Univ,New York State Dorm Auth
Action: Affirmed
Action: Outlook: Positive
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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