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'A-' Rating Assigned To Nebraska Wesleyan University's Revenue And Refunding Bonds Jan 12
Standard & Poors, Jan 2012
Abstract
CHICAGO (Standard & Poor's) Jan. 5, 2012-- Standard & Poor's Ratings Services assigned its 'A-' long-term rating to Lincoln, Neb.'s series 2012 educational facilities revenue and refunding bonds issued on behalf of Nebraska Wesleyan University (NWU). The outlook is stable. 'The rating reflects our view of the institution's general creditworthiness and is supported by a manageable debt service burden, adequate financial resource ratios, and consistently break-even or positive operating results,' said Standard & Poor's credit analyst Shari Sikes. 'Management's proven ability to generate positive operating performance despite enrollment fluctuations and routine capital spending provides stability to the rating,' Ms. Sikes added. The total 2012 educational facilities revenue bond issuance will be approximately $20.3 million in serial, fixed-rate debt, $17.6 million...
Companies mentioned in this report are: Nebraska Wesleyan Univ,Lincoln
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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