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Summary: University of Rochester, NY; Higher Education, Private Coll/Univ - General Obligation Nov 03 Product Image

Summary: University of Rochester, NY; Higher Education, Private Coll/Univ - General Obligation Nov 03

  • ID: 1953462
  • November 2003
  • Region: New York
  • Standard & Poors

FEATURED COMPANIES

  • New York State Dorm Auth
  • Rochester Univ
  • MORE

Abstract
The 'A+' rating on the New York State Dormitory Authority's bonds, issued for the University of Rochester (UR), reflects the school's History of balanced financial operations, generating operating surpluses of $31 million or 2% of budget, in both 2002 and 2001, and $15 million or 1% in 2003; Successful fundraising efforts and growth in sponsored research; Relatively stable demand trends, with good selectivity coupled with strong student quality and good student retention; and A large endowment ($131,000 per student). Offsetting rating factors include UR's low freshman matriculation rate (22%), indicative of the competitive market in which the school operates, and the relatively high endowment spending policy (6.4% in 2003). In addition, the tuition discount rate for freshmen is fairly high,...

Companies mentioned in this report are:
- Rochester Univ
- New York State Dorm Auth

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 READ MORE >

- Rochester Univ
- New York State Dorm Auth

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