Ball State University, Indiana; Auxiliary - System; Public Coll/Univ - Unlimited Student Fees Apr 12

  • ID: 2152812
  • April 2012
  • Region: Indiana
  • Standard & Poors
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Standard & Poor's Rating Services affirmed its 'AA-' long-term and underlying rating (SPUR) on Ball State University (BSU), Ind.'s outstanding student-fee bonds. At the same time, Standard & Poor's affirmed its 'A+' SPUR on the university's existing parking revenue bonds. The parking revenue bonds' rating is differentiated from the student-fee bonds' rating because of a more narrow security pledge. Standard & Poor's does not rate the university's housing and dining system revenue bonds. The outlook on all ratings is stable. The rating reflects our view of the university's: Financial support from Indiana (AAA/Stable), which made up approximately 32% of 2011 operating revenues; Consistently strong operating performance on a full-accrual basis and conservative budgeting practices; Strong financial resource ratios for the...

Companies mentioned in this report are:
- Ball St Univ

Action: Affirmed

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Research Type: Full Analysis

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- Ball St Univ

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