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Cornell University, NY $50M Revenue Bonds Rated 'AA+' Mar 00 Product Image

Cornell University, NY $50M Revenue Bonds Rated 'AA+' Mar 00

  • Published: March 2000
  • Region: New York
  • Standard & Poors

FEATURED COMPANIES

  • Cornell Univ
  • New York State Dorm Auth
  • MORE

Abstract
NEW YORK (Standard & Poor's CreditWire) March 15, 2000--Standard & Poor's today assigned its double-'A'-plus rating to Cornell University, N.Y.'s $50 million civic facility revenue bonds series 2000, issued by Tompkins County Industrial Development Agency, N.Y. In addition, Standard & Poor's raised its ratings on various Cornell University debt (see list below). The double-'A'-plus rating assignment and the upgrade is based on: -- The university's impressive financial profile characterized by a $2.9 billion endowment fund and consistent operating surpluses from a diverse revenue base, -- Very strong demand statistics as evidenced by a high level of selectivity and solid student quality indicators, and -- A strong reputation as one of the most widely recognized Ivy League institutions nationally and abroad....

Companies mentioned in this report are:
- Cornell Univ
- New York State Dorm Auth
- Tompkins Cnty Indl Dev Agy

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. READ MORE >

- Cornell Univ
- New York State Dorm Auth
- Tompkins Cnty Indl Dev Agy

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