S&P Afms CT Hlth&Ed Fac Auth/U of Hartford BBB- Rtg - S&P Global Ratings’ Credit Research

S&P Afms CT Hlth&Ed Fac Auth/U of Hartford BBB- Rtg

S&P Afms CT Hlth&Ed Fac Auth/U of Hartford BBB- Rtg - S&P Global Ratings’ Credit Research
S&P Afms CT Hlth&Ed Fac Auth/U of Hartford BBB- Rtg
Published Oct 24, 1997
Published Oct 24, 1997
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Abstract:

NY -- Standard&Poor's CreditWire 10/24/97 -- Standard&Poor's today affirmed its triple-'B'-minus rating on Connecticut Health&Education Facilities Authority's $73.6 bonds series 1992D, issued for the University of Hartford, Conn. The rating affirmation reflects: --ýA five-year trend of increasing full-time undergraduate enrollments; -- Significant reduction in operating deficits and curtailment of endowment drawdowns to cover these shortages; and -- The adoption of a comprehensive strategic plan resulting in staff reductions, cost cutting, and a first-time budget contingency of over $2 million. Another factor is the relatively recent arrival of two new administrators -- a provost intent on imposing academic and financial accountability and a head of development charged with reinvigorating the university's somewhat lackluster fundraising. These

  
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Ratings Action

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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "S&P Afms CT Hlth&Ed Fac Auth/U of Hartford BBB- Rtg" Oct 24, 1997. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Afms-CT-Hlth-Ed-Fac-Auth-U-of-Hartford-BBB-Rtg-9658>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Afms CT Hlth&Ed Fac Auth/U of Hartford BBB- Rtg Oct 24, 1997. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Afms-CT-Hlth-Ed-Fac-Auth-U-of-Hartford-BBB-Rtg-9658>
  
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