The rating on Connecticut Health and Education Facilities Authority's bonds, issued for University of New Haven (formerly known as New Haven College), reflects: A demand profile typical of the rating category, characterized by a high 75% percent of students from in-state, slightly below-average SAT scores of 952, limited selectivity with about 80% of freshman applicants accepted, and relatively stable enrollments overall with full-time equivalent enrollment rising 3.1% for fiscal year 1999 to 3,516; High tuition dependence with about 90% of revenues from tuition, fees, and auxiliaries, a result of historically limited fund raising efforts; Break-even operations with a modest surplus in fiscal year 1998 of 0.7%, following small operating deficits in 1997 and 1996 of 1% and 0.2%, respectively; and
