University Of Rochester, NY's Series 2011A-B Bonds Rated 'A+' On Good Operating And Demand Trends Aug 11

Standard & Poors, August 2011

Abstract
NEW YORK (Standard & Poor's) Aug. 11, 2011--Standard & Poor's Ratings Services has assigned its 'A+' long-term rating and positive outlook to the $124 million series 2011A and $39 million series 2011B revenue bonds to be issued by the Monroe County Industrial Development Corp., N.Y. for University of Rochester. In addition, Standard & Poor's affirmed various ratings on other debt issued for the university by New York State Dormitory Authority. "We revised the outlook to positive from stable in March 2011, reflecting our assessment of the university's fiscal 2010 operating performance rebound, at the same time it lowered its endowment spending policy to what we believe is a more sustainable rate," said Standard & Poor's credit analyst Charlene Butterfield. "In...

Companies mentioned in this report are:
- University of Rochester
- New York State Dorm Auth
- Monroe Cnty Indl Dev Agy

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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.

- University of Rochester
- New York State Dorm Auth
- Monroe Cnty Indl Dev Agy

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