Doane College, NE's Series 2013 Bonds Assigned 'A' Rating Jan 13
- ID: 2386885
- January 2013
- Standard & Poors
CHICAGO (Standard & Poor's) Jan. 25, 2013--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 outlook is stable. "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," said Standard & Poor's credit analyst Suzie Desai. The total series 2013 revenue bond issuance will be approximately $25 million in fixed-rate...
Companies mentioned in this report are:
- Doane Coll
- Saline Cnty
Action: New Rating
Action: Outlook: Stable
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