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
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis