Cornell University, NY $50M Revenue Bonds Rated 'AA+' Mar 00
- ID: 1953373
- March 2000
- Region: New York
- Standard & Poors
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
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Research type: News
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