Missouri Western State University, Missouri; Public Coll/Univ - Unlimited Student Fees Dec 11
Standard & Poors, December 2011
Abstract
Standard & Poor's Ratings Services affirmed its 'A-' long-term rating and underlying rating (SPUR) on Missouri Western State University, Mo.'s (MWSU) outstanding auxiliary revenue bonds. The outlook is stable. The rating reflects our view of MWSU's: Solid track record of positive auxiliary system operations; Broad revenue pledge from the auxiliary system, which includes mandatory fees levied in part to support debt service; Stable to growing full-time, undergraduate enrollment trends since at least the fall of 2004; and Positive financial operation on a cash-basis, although inconsistent operations on a full-accrual basis. Offsetting factors include our view of the university's: Challenging state funding environment, in which historically stable operating support from Missouri (AAA/Stable) has declined approximately 5% in fiscal 2011 and then...
Companies mentioned in this report are:
- Missouri Western St Univ
- Missouri
Action: Affirmed
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Research Type: Full Analysis
- Missouri Western St Univ
- Missouri
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