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Connecticut Health & Educational Facilities Authority Hopkins School; Independent Schools Mar 12
Standard & Poors, March 2012
Standard & Poor's Ratings Services affirmed its 'AA-' long-term rating on Connecticut Health & Education Facilities Authority's series B and C revenue bonds, issued for Hopkins School. The outlook is stable. Hopkins' healthy operating surpluses and good demand profile offset its low levels of financial resources. We believe that Hopkins' low tuition discounting and prudent fiscal management give it flexibility in its operating budget to achieve full accrual surpluses and net tuition revenue growth. The 'AA-' rating reflects our view of Hopkins': Healthy financial operations with the consistent generation of operating surpluses based on generally accepted accounting principles (GAAP) and a surplus of approximately $1.6 million expected for fiscal 2012; Good demand profile characterized by an average matriculation rate of...
Companies mentioned in this report are: Hopkins School,Connecticut Hlth & Educl Facs Auth
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Hopkins School,Connecticut Hlth & Educl Facs Auth