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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

  • Published: 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

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Dartmouth Coll,New Hampshire Hlth & Educl Facs Auth

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