Western Illinois University, IL Bond Rating Lowered To 'A-' On Enrollment Declines And Weakened Operations; Outlook Neg Dec 13
- Language: English
- Published: December 2013
- Region: Illinois
Standard & Poor's Ratings Services has revised its outlook to stable from negative on debt issued by Western Illinois University Board of Trustees for Western Illinois University (WIU). At the same time, Standard & Poor's Ratings Services has assigned its 'A' long-term rating to $33.4 million of auxiliary facilities system revenue bonds, series 2012. In addition, we affirmed our 'A' long-term rating and underlying rating (SPUR) on the university's certificates of participation and auxiliary facilities system (AFS) debt outstanding. The return to a stable outlook reflects our view that, although the state continues to delay disbursements, the university has demonstrated the ability to successfully manage its operations and cash flows and make timely debt service and vendor payments during the...
Companies mentioned in this report are: Western Illinois Univ,Western Illinois Univ Brd of Trustees
Action: New Rating
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Research Type: Full Analysis
Western Illinois Univ,Western Illinois Univ Brd of Trustees