The rating on Ohio Higher Educational Facility Commission's bonds, issued for Case Western Reserve University (CWRU), reflects CWRU's: * Long history of positive financial performance, * Good revenue diversity, * Sizable endowment that totals over $1.3 billion, * Solid graduate and undergraduate demand, and * Low debt burden. Case Western Reserve University is in University Circle on Cleveland's east side. The attractiveness of the campus is enhanced by its proximity to most of Cleveland's cultural institutions, which are also within University Circle. CWRU is a comprehensive research university, with nearly two-thirds of the students enrolled in graduate or professional programs. Fall 1998 enrollment totaled 9,486 of which just 3,397 were undergraduates. Undergraduate applications have been stable over time and demand
