Cornell University, New York; Higher Education, Private Coll/Univ - General Obligation; Public Finance Structured, Liquidity Facility May 04
- ID: 1953497
- May 2004
- Region: New York
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA+' rating to $45.0 million series 2004A revenue bonds and $47.1 million series 2004B revenue bonds issued by Dormitory Authority of the State of New York for Cornell University, N.Y. The 'AA+' long-term rating and 'A-1+' short-term rating on various bonds, issued by and for the university, were also affirmed. In addition, Standard & Poor's affirmed its 'A-1+' rating that was recently assigned to Cornell's new taxable CP program with an authorized limit of $100 million. The affirmation of the 'AA+' rating reflects the university's: Impressive demand for both undergraduate and graduate/professional-level degree programs, and a national and international reputation as one of the largest Ivy League institutions; Strong revenue diversity, consistently favorable...
Companies mentioned in this report are:
- Cornell Univ
- New York State Dorm Auth
Action: New Rating
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Research Type: Full Analysis