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Bryant University, Rhode Island; Higher Education, Private Coll/Univ - General Obligation May 05
Standard & Poors, May 2005
Abstract
Standard & Poor's Ratings Services raised its underlying rating (SPUR) and standard long-term rating to 'A' from 'A-' on Rhode Island Health and Educational Building Corp.'s outstanding debt, issued for Bryant University. The outlook is stable. The upgrade reflects substantial improvements in many key areas, including: The recent completion of a successful capital campaign that has allowed facilities enhancements; Improving admissions flexibility, including the lowering of the acceptance rate to 63% from 71% and the improvement of the entering freshman class average SAT score to 1104 from 1060 in the past five years, while the matriculation rate was held constant at roughly 31%; Strong financial performance; and The successful transformation from a specialized business-focused college to a university offering a...
Companies mentioned in this report are: Bryant Univ,Rhode Island Hlth & Educl Bldg Corp
Action: Upgraded
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.
Research Type: Full Analysis
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