Summary: Missouri Health&Educational Facilities Authority Missouri State University; Public Coll/Univ - Unlimited Student Fees

S&P Global Ratings assigned its 'A+' long-term rating to Missouri State University's (MSU) series 2019A auxiliary enterprise system revenue bonds. In addition, S&P Global Ratings assigned its 'A+' long-term rating to the Missouri Health&Educational Facilities Authority's (MOHEFA) series 2019B educational facilities revenue bonds, issued for MSU. We also affirmed our 'A+' long-term rating on MOHEFA's series 2010B, 2014A, and 2015A educational facilities revenue bonds issued for MSU and MSU's auxiliary enterprise revenue bond series 2010B, 2015A, and 2016. We assessed MSU's enterprise profile as strong, characterized by a longer-term trend of rising enrollment, although showing some recent softness in fall 2018 and 2019, superior economic fundamentals in a state with our highest rating and solid management. We assessed

...S&P Global Ratings assigned its 'A+' long-term rating to Missouri State University's (MSU) series 2019A auxiliary enterprise system revenue bonds. In addition, S&P Global Ratings assigned its 'A+' long-term rating to the Missouri Health & Educational Facilities Authority's (MOHEFA) series 2019B educational facilities revenue bonds, issued for MSU. We also affirmed our 'A+' long-term rating on MOHEFA's series 2010B, 2014A, and 2015A educational facilities revenue bonds issued for MSU and MSU's auxiliary enterprise revenue bond series 2010B, 2015A, and 2016. We assessed MSU's enterprise profile as strong, characterized by a longer-term trend of rising enrollment, although showing some recent softness in fall 2018 and 2019, superior economic fundamentals in a state with our highest rating and solid management. We assessed MSU's financial profile as very strong, with low and affordable tuition, good revenue diversity, healthy financial operations, excellent financial resources and a reasonable...

Summary