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North Carolina Educational Facilities Finance Agency Davidson College; Private Coll/Univ - General Obligation Feb 12 Product Image

North Carolina Educational Facilities Finance Agency Davidson College; Private Coll/Univ - General Obligation Feb 12

  • Published: February 2012
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its 'AA+' long-term rating and stable outlook to North Carolina Capital Facilities Finance Agency's series 2012 bonds, issued on behalf of Davidson College. At the same time, Standard & Poor's affirmed the 'AA+/A-1+' rating on the agency's series 2000B bonds, issued on behalf of the college. The 'A-1+' short-term rating component reflects Standard & Poor's opinion of the college's own liquidity. The rating reflects our assessment of the college's strong financial resource ratios relative to the rating category, as well as continued surplus operating performance on a generally accepted accounting principles (GAAP) basis, consistently strong demand, and stable enrollment. The college also has low nominal pro forma debt, which we view positively. Management...

Companies mentioned in this report are: Davidson Coll,North Carolina Ed Fac Fin Agy,North Carolina Capital Facilities Finance Agency
Action: New Rating

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Davidson Coll,North Carolina Ed Fac Fin Agy,North Carolina Capital Facilities Finance Agency

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