[MLT] Summary: Ball State University, Indiana; Auxiliary - System; Public Coll/Univ - Unlimited Student Fees Apr 12
- Language: English
- Published: April 2012
- Region: Indiana
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
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- Ball St Univ