The rating on Connecticut Health and Education Facilities Authority's bonds, issued for University of Hartford, reflects: Flat enrollment trends along with low matriculation rates for the past five years, A high tuition discount rate and a high dependence on student-generated fees, and Low debt and operating liquidity levels. Recent improvements in credit include: An improved application process that resulted in an increase in freshman applicants; Break-even operating results for the past two years after several years of operating deficits; and Some fundraising successes. The bonds are secured by the university's GO pledge. The university continues to benefit from a new management team hired in 1998, which included a new president, a vice president of finance, a provost, and two administrators.
