| Title: | Massachusetts Development Finance Agency Babson College; Private Coll/Univ - General Obligation |
| Price: | $400.00 |
| Publication Date: | Apr 30, 2008 |
| Report Type: | Full Report |
| Abstract: | Standard&Poor's Ratings Services assigned its 'BBB+' underlying rating (SPUR) on the Massachusetts Development Finance Agency?s, series 2008A and series 2008B (taxable) variable-rate demand revenue bonds issued for Babson College. At the same time, Standard&Poor's affirmed its 'BBB+' underlying rating (SPUR) on the college's remaining outstanding debt. The bonds will be issued with a rating based on joint criteria with a direct-pay letter of credit (LOC) provided by RBS Citizens N.A. The underlying 'BBB+' rating reflects the institution's: Strengthening demand, with fall 2007 applications increasing 23% since fall 2004 and enrollment up 6% to 2,853 full-time equivalents (FTE); Improved liquidity levels, with expendable resources of $184 million, representing 119% of operations and 148% of debt; Overall tuition |
| Brief Excerpt: | RESEARCH Ratings Definitions Massachusetts Development Finance Agency Babson College; Private Coll/Univ - General Obligation Publication date: ##-Apr-#### Primary Credit Analyst: Blake Cullimore, New York (#) ###-###-####; blake_cullimore@standardandpoo... |
| Word Count: | 1835 |
| Issuer: | Babson Coll |
| Sector: | Global Issuers, Public Finance, Financial Institutions, Insurance, Corporations, Utilities |
| Country: | United States |
| Region: | United States |
| Format: | 
HTML
|
| Free Sample: |
Click
Here
to Download
|
Looking For Something Else?
