The rating on Vermont Education and Health Buildings Financing Agency's bonds, issued for Middlebury College, reflects: Outstanding demand, Solid financial operations, Abundant liquidity, and A large endowment, which continues to appreciate its market value. Founded in 1800, Middlebury, located about one hour south of Burlington, Vermont, is one of several prestigious liberal arts colleges in northern New England. In addition, Middlebury operates several popular summer-session language programs. Its language school offers intensive study of eight different languages and cultures, while the college's Bread Loaf campus hosts English programs and a writers conference each summer. These programs enhance the college's image and allows for utilization of campus facilities year round. Middlebury's demand profile continues to be strong as evidenced by a
