...January 13, 2023 NEW YORK (S&P Global Ratings) Jan. 13, 2023--S&P Global Ratings assigned its '##+' rating to the Illinois Finance Authority's series 2023A revenue bonds issued for DePaul College Prep (DCP). The outlook is stable. "The '##+' rating reflects our opinion of DCP's highly seasoned, professional, and responsive management team, with a supportive and engaged board of directors," said S&P Global Ratings credit analyst Jesse Brady. Other credit strengths include the school's: - Solid demand profile, supported by a steadily expanding enrollment base, high-quality academics and extracurriculars, and an increasing ability to attract and enroll prospective students; - History of good operating performance with small-but-consistent surpluses that have benefitted from annual fundraisers and a successfully completed first campaign; and - Market position as a Catholic independent school in the Chicago area with lower tuition than that of competing peers. The stable outlook reflects our...
