Summary: Crete, Nebraska Saline County Doane College; Private Coll/Univ - General Obligation Jan 13

Standard & Poors, January 2013

Abstract
Standard & Poor's Ratings Services assigned its 'A' long-term rating to Crete, Neb.'s $7.09 million series 2013 fixed-rate revenue bonds issued on behalf of Doane College. In addition, Standard & Poor's assigned its 'A' long-term rating to Saline County, Neb.'s $9.85 million series 2013A and $8.45 million series 2013B fixed-rate revenue bonds also issued for Doane College. The 'A' rating reflects our view of Doane's strong financial resource ratios, light debt levels, and growing enrollment trends in its traditional four-year program along with positive net tuition revenue trends. In addition, Doane's non-traditional degree completion programs and graduate programs complement Doane's traditional undergraduate program, expanding Doane's target student base and further supporting operations and Doane's overall strategic plan. The 'A' rating...

Companies mentioned in this report are:
- Doane Coll
- Crete
- Saline Cnty

Action: New Rating
Action: Outlook: Stable

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.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

- Doane Coll
- Crete
- Saline Cnty

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