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Oklahoma Development Finance Authority Seminole State College; Junior/Community College Feb 13 Product Image

Oklahoma Development Finance Authority Seminole State College; Junior/Community College Feb 13

  • ID: 2417239
  • February 2013
  • Region: Oklahoma
  • Standard & Poors

FEATURED COMPANIES

  • Oklahoma Dev Fin Auth
  • Seminole St Coll
  • MORE

Abstract
Standard & Poor's Ratings Services affirmed its 'BBB-' long-term rating on Oklahoma Development Finance Authority's series 2006 student housing revenue bonds outstanding, issued on behalf of Seminole State College. The outlook is stable. The rating reflects the housing system's very good occupancy levels, as well as stability in the college's overall full-time enrollment (FTE). The college's financial profile remains a credit weakness, in our opinion, with its weak balance sheet and only adequate operations for the rating. The rating reflects our view of the college's: Very limited balance sheet (as with most Oklahoma community colleges), with adjusted unrestricted net assets (inclusive of debt service reserve funds) in fiscal 2012 of $1.9 million, equal to 3.9% of operations and 9.2% of...

Companies mentioned in this report are:
- Seminole St Coll
- Oklahoma Dev Fin Auth

Action: Affirmed

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

- Seminole St Coll
- Oklahoma Dev Fin Auth

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