Standard&Poor's Ratings Services affirmed its 'A-' issuer credit rating (ICR) on the Colorado School of Mines Foundation. Incorporated in 1951, the foundation receives and manages contributions for the sole benefit of the Colorado School of Mines (CSM). The outlook is stable. The 'A-' ICR reflects our view of the foundation's: Role as a supporting foundation, which holds and invests the CSM (A/Stable) endowment; Operating agreement that defines the terms of the relationship between the foundation and the university, its sole beneficiary; Lack of existing debt or guaranties nor any near-term debt plans; Good fundraising track record, with a $135 million campaign completed in 2006, and currently in the early planning phase of its next capital campaign; and Growing
