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Sacred Heart University, CT 'BBB' Bond Rating Outlook Revised To Positive On Strong Financial Trends Jan 12
Standard & Poors, January 2012
BOSTON (Standard & Poor's) Jan. 6, 2012--Standard & Poor's Ratings Services has revised its outlook to positive from stable on bonds issued by Connecticut Health & Educational Facilities Authority for Sacred Heart University. At the same time, Standard & Poor's assigned its 'BBB' long-term rating to the series H revenue bonds and affirmed its 'BBB' long-term rating and underlying rating (SPUR) on the university's previously issued revenue bonds. The bonds are a general obligation of the university. "The positive outlook and 'BBB' rating reflects our assessment of the university's consistently strong operating performance, growing enrollment with stable demand, and increasing financial resources," said Standard & Poor's credit analyst Nick Waugh. "The rating also includes our analysis of the university's high...
Companies mentioned in this report are: Sacred Heart Univ,Connecticut Hlth & Educl Facs Auth
Action: New Rating
Action: Outlook: Positive
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.
Sacred Heart Univ,Connecticut Hlth & Educl Facs Auth