New York University; Private Coll/Univ - General Obligation Oct 09
- ID: 1953314
- October 2009
- Region: New York
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to the New York State Dormitory Authority's series 2009A and 2009B revenue bonds, issued for New York University (NYU) and NYU's series 2009 taxable bonds. Standard & Poor's also affirmed its 'AA-' rating on NYU's parity debt. Moderate financial resources and a high debt level are offset by the university's comprehensive nature. The outlook is stable. The rating is supported by the university's: Good financial operations, characterized by positive operating performance and a diverse stream of revenues; Strong enrollment and demand profile as one of the U.S.'s largest private institutions; Successful fundraising efforts demonstrated by the $3.07 billion raised toward a $2.5 billion fundraising campaign as of Aug. 31, 2008,...
Companies mentioned in this report are:
- New York Univ
- New York State Dorm Auth
Action: New Rating
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Research Type: Full Analysis