Illinois Financial Authority DePaul University; Private Coll/Univ - General Obligation

Standard&Poor's Ratings Services has assigned its 'A' long-term rating to the Illinois Financial Authority's series 2016 revenue bonds issued for DePaul University. At the same time, we affirmed our 'A' issuer credit rating (ICR) on DePaul and affirmed our ratings on the authority's series 2008, 2011A, and 2011B bonds, and series 2013 revenue bonds issued for DePaul, and the university's series 2015 taxable refunding bonds. The outlook is stable. We assessed DePaul's enterprise profile as strong, characterized by broad program offerings with moderate demand, robust competition for students with pressure on enrollment, success under a recent fundraising campaign, and solid management policies and practices. We assessed DePaul's financial profile as strong, characterized by robust operating performance, good levels

...Standard & Poor's Ratings Services has assigned its 'A' long-term rating to the Illinois Financial Authority's series 2016 revenue bonds issued for DePaul University. At the same time, we affirmed our 'A' issuer credit rating (ICR) on DePaul and affirmed our ratings on the authority's series 2008, 2011A, and 2011B bonds, and series 2013 revenue bonds issued for DePaul, and the university's series 2015 taxable refunding bonds. The outlook is stable. We assessed DePaul's enterprise profile as strong, characterized by broad program offerings with moderate demand, robust competition for students with pressure on enrollment, success under a recent fundraising campaign, and solid management policies and practices. We assessed DePaul's financial profile as strong, characterized by robust operating performance, good levels of investment liquidity, limited revenue diversity, rapid amortization of debt, and a modest endowment given the size of the university with available resources that are in line...

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