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S&P Credit Research1114 word report
published Nov 06, 2009
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S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) Nov. 6, 2009--Standard&Poor's Ratings Services raised its long-term ratings and underlying ratings (SPURs) to 'BBB+' from 'BBB' on outstanding debt secured by unlimited student fees, issued by various issuers for the University of Medicine and Dentistry of New Jersey (UMDNJ). The upgrade reflects our application of government-related entities (GRE) criteria. The stand-alone credit profile remains 'BBB'. The 'BBB' rating reflects very weak financial performance at University Hospital, significantly reduced unrestricted net assets, and a light liquidity position. Factors that continue to support the rating include the resolution of recent governance and management uncertainties, highlighted by several new appointments to management and expansion of the board of trustees since 2007, successful resolution of the
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| Brief Excerpt: | RESEARCH Ratings Definitions Ratings On University Of Medicine & Dentistry Of New Jersey Raised To '###+' Publication date: 06-Nov-2009 Primary Credit Analyst: Charlene Butterfield, New York (1) 212-438-2741; charlene_butterfield@standardandpoors.com...
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| Report Type: | Ratings Action
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| Issuer: | University of Med&Dentistry of New Jersey
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| Sector: | Public Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- Summary: University Of Medicine&Dentistry Of New Jersey; Public Coll/Univ - Unlimited Student Fees $175.00
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Standard&Poor's Ratings Services revised its rating outlook to stable from negative on University of Medicine and Dentistry of New Jersey's (UMDNJ) debt, issued by various issuers. At the same time, Standard&Poor's affirmed its 'BBB' underlying ...
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