S&P Credit Research



Title:

Summary: Massachusetts Development Finance Agency Babson College; Private Coll/Univ - General Obligation

Price:$175.00
Publication Date:Apr 30, 2008
Report Type:Summary
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; Improved liquidity levels, with expendable resources of $184 million, representing 119% of operations and 148% of debt; Overall tuition discount,
Issuer:Babson Coll
Sector:Public Finance, Global Issuers, Utilities, Financial Institutions, Insurance, Corporations
Country:United States
Region:United States
Format:HTML HTML
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S&P Credit Research

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.

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