Research Update: Moravian University, PA ICR And Debt Rating Affirmed At 'BBB+'; Outlook Is Stable - S&P Global Ratings’ Credit Research

Research Update: Moravian University, PA ICR And Debt Rating Affirmed At 'BBB+'; Outlook Is Stable

Research Update: Moravian University, PA ICR And Debt Rating Affirmed At 'BBB+'; Outlook Is Stable - S&P Global Ratings’ Credit Research
Research Update: Moravian University, PA ICR And Debt Rating Affirmed At 'BBB+'; Outlook Is Stable
Published May 07, 2025
8 pages (3907 words) — Published May 07, 2025
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings affirmed its 'BBB+' issuer credit rating (ICR) on Moravian University , Pa. S&P Global Ratings also affirmed its 'BBB+' rating on Bethlehem Redevelopment Authority , Pa.'s series 2021, 2022, and 2024 revenue bonds, issued for Moravian. In addition, S&P Global Ratings affirmed its 'BBB+' rating on Northampton County General Purpose Authority , Pa.'s series 2013 and 2016 general revenue college bonds, issued for Moravian. The outlook is stable. A gross revenue pledge secures the bonds. As of June 30, 2024 (the latest audited year), Moravian had approximately $108.2 million of debt outstanding, including public bonds, Moravian College Housing Inc. (MCHI) debt, bank loans, and finance lease liabilities. Moravian's debt is subject to certain covenants including 1.0x debt

  
Brief Excerpt:

...S&P Global Ratings also affirmed its '###+' rating on Bethlehem Redevelopment Authority, Pa.'s series 2021, 2022, and 2024 revenue bonds, issued for Moravian....

  
Report Type:

Research Update

Issuer
Moravian University
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Research Update: Moravian University, PA ICR And Debt Rating Affirmed At 'BBB+'; Outlook Is Stable" May 07, 2025. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Moravian-University-PA-ICR-And-Debt-Rating-Affirmed-At-BBB-Outlook-Is-Stable-3365564>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Moravian University, PA ICR And Debt Rating Affirmed At 'BBB+'; Outlook Is Stable May 07, 2025. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Moravian-University-PA-ICR-And-Debt-Rating-Affirmed-At-BBB-Outlook-Is-Stable-3365564>
  
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