Molloy College, NY Revenue Bond Rating Outlook Revised To Positive On Consistent, Ample Operating Margins

CENTENNIAL (S&P Global Ratings) Sept. 28, 2018--S&P Global Ratings revised its outlook to positive from stable and affirmed its 'BBB' issuer credit rating (ICR) and long-term rating on Hempstead Town Local Development Corp., N.Y.'s series 2014 and 2017 revenue bonds issued for Molloy College (Molloy). At the same time, S&P Global Ratings assigned its 'BBB' long-term rating with a positive outlook to the town of Hempstead Local Development Corporation series 2018 revenue bonds, issued for Molloy College. "The positive outlook reflects our opinion of the college's consistent, ample operating margins that have recently improved relative to historical levels," said S&P Global Ratings credit analyst Amber Schafer. "The positive outlook also reflects our expectation that enrollment and demand metrics will remain

...CENTENNIAL (S&P Global Ratings) Sept. 28, 2018--S&P Global Ratings revised its outlook to positive from stable and affirmed its '###' issuer credit rating (ICR) and long-term rating on Hempstead Town Local Development Corp., N.Y.'s series 2014 and 2017 revenue bonds issued for Molloy College (Molloy). At the same time, S&P Global Ratings assigned its '###' long-term rating with a positive outlook to the town of Hempstead Local Development Corporation series 2018 revenue bonds, issued for Molloy College. "The positive outlook reflects our opinion of the college's consistent, ample operating margins that have recently improved relative to historical levels," said S&P Global Ratings credit analyst Amber Schafer. "The positive outlook also reflects our expectation that enrollment and demand metrics will remain steady over the outlook period, available resources will continue to show incremental improvement, and that we do not anticipate additional debt other than the series 2018 bonds," Ms....

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