- Language: English
- Published: October 2012
- Region: New York
Summary: University of Rochester, NY; Higher Education, Private Coll/Univ - General Obligation Nov 03
- ID: 1953462
- November 2003
- Region: New York
- Standard & Poors
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 the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >