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Bryant University, RI Bonds Rated 'A' On Strong Financials And Solid Demand May 07
Standard & Poors, May 2007
Abstract
BOSTON (Standard & Poor's) May 7, 2007--Standard & Poor's Ratings Services assigned its 'A' standard long-term rating to Rhode Island Health and Educational Building Corp.'s $20 million series 2007 higher education facility revenue bonds, issued for Bryant University. In addition, Standard & Poor's affirmed its 'A' underlying rating (SPUR) on the same corporation's bonds, issued for the university. The outlook is stable. 'The stable outlook reflects our expectation that Bryant University's demand will continue to improve, operating performance will stay strong, liquidity ratios will improve, and additional debt will be commensurate with the growth in liquidity,' said Standard & Poor's credit analyst Marc Savaria. The 'A' rating reflects the university's strong financial results, which allowed Bryant to produce consistently large...
Companies mentioned in this report are: Bryant Univ,Rhode Island Hlth & Educl Bldg Corp
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
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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