Monroe County Industrial Development Corp., New York University Of Rochester; Joint Criteria; Private Coll/Univ - General Obligation Aug 11
Standard & Poors, August 2011
Abstract
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 Monroe County Industrial Development Corp., N.Y. for University of Rochester. In addition, Standard & Poor's has affirmed its 'A+' long-term ratings and underlying ratings (SPURs) on various revenue bonds, 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 rebound in operating performance at the same time it lowered the endowment spending policy to what we believe is a more sustainable rate. In our opinion, the improved performance, coupled with...
Companies mentioned in this report are:
- University of Rochester
- New York State Dorm Auth
- Monroe Cnty Indl Dev Corp
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
- University of Rochester
- New York State Dorm Auth
- Monroe Cnty Indl Dev Corp
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