Outlook Revised To Stable On Lake Superior State University, MI's Revenud Bonds Due To Unexpected Fall In Enrollment Jun 13
- Language: English
- Published: June 2013
Standard & Poor's Ratings Services revised its outlook to positive from stable and affirmed its 'BBB+' underlying rating (SPUR) on Lake Superior State University Board of Trustees, Mich.'s existing general revenue bonds, issued on behalf of Lake Superior State University (LSSU). At the same time, Standard & Poor's assigned its 'BBB+' long-term rating to Lake Superior State University Board of Trustees' series 2012 general revenue refunding bonds, also issued on behalf of LSSU. Management indicates it will refund the university's outstanding series 1997 and series 2001 bonds with the proceeds of the series 2012 issuance. The outlook revision reflects our view of the university's improved operating performance, stabilized management team, and growth in student enrollment. Factors supporting the rating include...
Companies mentioned in this report are: Lake Superior St Univ,Lake Superior St Univ Brd of Trustees
Action: New Rating
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Research Type: Full Analysis
Lake Superior St Univ,Lake Superior St Univ Brd of Trustees