...Standard & Poor's Ratings Services assigned its 'A+' rating and stable outlook to Missouri State University's auxiliary enterprise system revenue bonds, series 2015A. At the same time, Standard & Poor's affirmed its 'A+' rating, with a stable outlook, on the university's series 2005A, 2007A, 2010A, 2010B, 2010C, and 2014A auxiliary enterprise revenue bonds. Standard & Poor's also affirmed its 'A+' rating, with a stable outlook, on the authority's series 2014, 2010A, and 2010B bonds, issued by the Missouri Health & Educational Facilities Authority on behalf of the university. The rating reflects our opinion of MSU's strong financial resources, solid operating trends with healthy surpluses recorded consistently for the past several fiscal years, moderate enrollment growth, and stable demand profile despite decreasing state appropriations. The rating further reflects our view of the university's small, but growing endowment compared with peer institutions and additional debt plans within the...
