Summary: Southern Illinois Univ; Higher Education, Appropriation; Higher Education, Public Coll/Univ - Unlimited Student Fees - S&P Global Ratings’ Credit Research

Summary: Southern Illinois Univ; Higher Education, Appropriation; Higher Education, Public Coll/Univ - Unlimited Student Fees

Summary: Southern Illinois Univ; Higher Education, Appropriation; Higher Education, Public Coll/Univ - Unlimited Student Fees - S&P Global Ratings’ Credit Research
Summary: Southern Illinois Univ; Higher Education, Appropriation; Higher Education, Public Coll/Univ - Unlimited Student Fees
Published May 11, 2004
1099 words — Published May 11, 2004
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Abstract:

Standard&Poor's Ratings Services assigned its 'A+' rating to the Board of Trustees of Southern Illinois University's $33.73 million certificates of participation (COPs) series 2004A, issued on behalf of Southern Illinois University (SIU). At the same time, Standard&Poor's affirmed its 'A+' underlying rating (SPUR) on the board's various outstanding debt issued on behalf of SIU. The 'A+' rating on the COPs reflects SIU's: Broad unlimited student fee pledge and strong lease covenants; Funding position within the state of Illinois' ('AA' rating, negative outlook) system of higher education; Comprehensive course offerings, including medicine, law, engineering, and dental programs; Stable demand and enrollment; Adequate liquidity relative to pro forma debt, with fiscal 2003 adjusted unrestricted net assets equal to

  
Brief Excerpt:

RESEARCH Summary: Southern Illinois Univ; Higher Education, Appropriation; Higher Education, Public Coll/Univ - Unlimited Student Fees Publication date: 11-May-2004 Credit Analyst: Susan Carlson, Chicago (1) 312-233-7006; Marc Savaria,...

  
Report Type:

Summary

Issuer
Southern Illinois Univ
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Southern Illinois Univ; Higher Education, Appropriation; Higher Education, Public Coll/Univ - Unlimited Student Fees" May 11, 2004. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Southern-Illinois-Univ-Higher-Education-Appropriation-Higher-Education-Public-Coll-Univ-Unlimited-Student-Fees-373988>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Southern Illinois Univ; Higher Education, Appropriation; Higher Education, Public Coll/Univ - Unlimited Student Fees May 11, 2004. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Southern-Illinois-Univ-Higher-Education-Appropriation-Higher-Education-Public-Coll-Univ-Unlimited-Student-Fees-373988>
  
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