Thomas Jefferson University, PA Revenue Debt Rating Lowered To 'A' On Weakened Finances - S&P Global Ratings’ Credit Research

Thomas Jefferson University, PA Revenue Debt Rating Lowered To 'A' On Weakened Finances

Thomas Jefferson University, PA Revenue Debt Rating Lowered To 'A' On Weakened Finances - S&P Global Ratings’ Credit Research
Thomas Jefferson University, PA Revenue Debt Rating Lowered To 'A' On Weakened Finances
Published Jan 29, 2015
Published Jan 29, 2015
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Abstract:

NEW YORK (Standard&Poor's) Jan. 29, 2015--Standard&Poor's Ratings Services lowered its rating on Pennsylvania Higher Educational Facilities Authority's revenue debt, issued for Thomas Jefferson University (TJU), one notch to 'A' from 'A+'. The outlook is stable. At the same time, the rating service assigned its 'A' rating and stable outlook to the authority's $301 million series 2015A and $60 million series 2015B revenue bonds. The downgrade reflects Standard&Poor's assessment of the university's diminished financial profile due to the current debt issuance, which weakened financial resource ratios to levels below 'A' category medians. The rating service believes, what it considers, TJU's very strong demand profile and positive operating margins no longer sufficiently offset the financial resources

  
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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Thomas Jefferson University, PA Revenue Debt Rating Lowered To 'A' On Weakened Finances" Jan 29, 2015. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Thomas-Jefferson-University-PA-Revenue-Debt-Rating-Lowered-To-A-On-Weakened-Finances-1381440>
  
APA:
S&P Global Ratings’ Credit Research. (). Thomas Jefferson University, PA Revenue Debt Rating Lowered To 'A' On Weakened Finances Jan 29, 2015. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Thomas-Jefferson-University-PA-Revenue-Debt-Rating-Lowered-To-A-On-Weakened-Finances-1381440>
  
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