Standard&Poor's Ratings Services assigned its 'BBB+' issuer credit rating (ICR) to Molloy College, N.Y. The rating reflects the college's: Solid operating surpluses on a full-accrual basis since 2000; Adequate and growing enrollment and an improving demand profile with greater selectivity, especially at the graduate level; Management's successful administration of sound fiscal policies and a clear strategic vision of the college's future; and Manageable pro forma debt ($50 million) burden with no additional debt expected in the next two to three years. Offsetting rating factors: Low revenue diversity, with tuition and fees accounting for a high 93% of gross revenues; and Small endowment of approximately $24 million for fiscal year 2008. The stable outlook reflects Standard&Poor's expectation
