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Bryant College, RI Bonds Rated 'A-' Nov 01
Standard & Poors, Nov 2001
Abstract
NEW YORK (Standard & Poor's) Nov. 26, 2001--Standard & Poor's today assigned its single-'A'-minus rating to Rhode Island Health and Educational Building Corp.'s $19.07 million higher-education facilities revenue refunding bonds, series 2002, issued for Bryant College. In addition, Standard & Poor's affirmed its single-'A'-minus and 'A-1' ratings on the outstanding debt issued for Bryant. The single-'A'-minus rating reflects the college's overall good financial operations, strong liquidity levels (bolstered by a growing endowment), and stabilizing demand trends. Other rating factors include a competitive Northeast market, Bryant's specialized business focus (although the school has recently added several liberal-arts degrees in hopes of broadening its appeal), and high tuition dependence, making the college somewhat vulnerable to enrollment shifts. Additionally, the 'A-1' short-term rating...
Companies mentioned in this report are: Bryant Univ
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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