DePaul University, Illinois; Private Coll/Univ - General Obligation

S&P Global Ratings affirmed its 'A' issuer credit rating (ICR) and long-term rating on Illinois Finance Authority's revenue and revenue refunding bonds for DePaul University, Ill. The outlook on the ICR and all rated issues is stable. DePaul's outstanding bonds at fiscal year end June 30, 2018, totaled $322.1 million. We assessed DePaul's enterprise profile as strong, characterized by a sound market position and demand, with total full-time equivalent (FTE) enrollment of approximately 20,000 students for each of the past five fall enrollment periods, broad program offerings, robust regional competition, and sound management and governance. We assessed DePaul's financial profile as strong, characterized by excellent financial management policies, healthy financial performance with recurring surpluses on a GAAP basis, sufficient and

...S&P Global Ratings affirmed its 'A' issuer credit rating (ICR) and long-term rating on Illinois Finance Authority's revenue and revenue refunding bonds for DePaul University, Ill. The outlook on the ICR and all rated issues is stable. DePaul's outstanding bonds at fiscal year end June 30, 2018, totaled $322.1 million. We assessed DePaul's enterprise profile as strong, characterized by a sound market position and demand, with total full-time equivalent (FTE) enrollment of approximately 20,000 students for each of the past five fall enrollment periods, broad program offerings, robust regional competition, and sound management and governance. We assessed DePaul's financial profile as strong, characterized by excellent financial management policies, healthy financial performance with recurring surpluses on a GAAP basis, sufficient and highly liquid financial resources for the rating category, and sound debt and contingent liabilities with no additional debt plans over the next two years. We...

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