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Dartmouth College, NH's Outstanding Debt Lowered To 'AA+; Outlook Is Stable May 09 Product Image

Dartmouth College, NH's Outstanding Debt Lowered To 'AA+; Outlook Is Stable May 09

  • ID: 2046586
  • May 2009
  • Standard & Poors

Abstract
SAN FRANCISCO (Standard & Poor's) May 22, 2009-- Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to New Hampshire Health and Education Facilities Authority's series 2009 revenue bonds, issued for Dartmouth College. At the same time, Standard & Poor's lowered its long-term component of the rating on Dartmouth's fixed-rate and variable-rate demand bonds outstanding to 'AA+' from 'AAA', and affirmed its 'A-1+' short-term component of the rating on the same bonds, issued by New Hampshire Health and Education Facilities Authority. The outlook is stable. The downgrade reflects continued operating deficits on a full accrual basis, with balanced operations on a budgetary basis not expected until fiscal 2011; significant debt issuance; a decline in expendable resources to $3.35 billion...

Companies mentioned in this report are: Dartmouth Coll,New Hampshire Hlth & Educl Facs Auth
Action: Downgraded
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.

Dartmouth Coll,New Hampshire Hlth & Educl Facs Auth

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