New York University; Private Coll/Univ - General Obligation Oct 11
- ID: 1953084
- October 2011
- Region: New York
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to New York State Dormitory Authority's series 2011A bonds issued on behalf of New York University (NYU). At the same time, Standard & Poor's also affirmed its 'AA-' long-term rating and underlying rating (SPUR) on NYU's parity debt, as well as the 'AA-' issuer credit rating (ICR) on the university. The outlook is stable. We believe NYU's comprehensive nature, highly selective demand, and strong operating performance mitigate its low financial resource ratios for the rating category and high nominal debt level. In our opinion, significant additional debt without commensurate growth in financial resources could pressure the rating in the future. The ratings reflect our view of the university's: Positive operating...
Companies mentioned in this report are:
- New York Univ
- Dorm Auth of the St of New York
- New York City Indl Dev Agy
Action: New Rating
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Research Type: Full Analysis