University of Portland, OR Revenue Bond Rating Outlook To Positive On Improved Financial Resources And Enrollment

NEW YORK (Standard&Poor's) March 27, 2015--Standard&Poor's Ratings Services revised its outlook to positive from stable and affirmed its 'BBB+' long-term rating on the Oregon Facilities Authority's revenue bonds, issued for the University of Portland. At the same time, Standard&Poor's assigned its 'BBB+' long-term rating to the series 2015A tax-exempt and 2015B taxable revenue bonds. The outlook is positive. "The outlook revision reflects our view of the university's consistent improvement in financial resources, continued growth in full-time equivalent student enrollment, and projected positive operations after a long history of posting operating surpluses on a full-accrual basis," said Standard&Poor's credit analyst Sussan Corson. The outlook revision also reflects our view of the university's successful

...NEW YORK (Standard & Poor's) March 27, 2015--Standard & Poor's Ratings Services revised its outlook to positive from stable and affirmed its '###+' long-term rating on the Oregon Facilities Authority's revenue bonds, issued for the University of Portland. At the same time, Standard & Poor's assigned its '###+' long-term rating to the series 2015A tax-exempt and 2015B taxable revenue bonds. The outlook is positive. "The outlook revision reflects our view of the university's consistent improvement in financial resources, continued growth in full-time equivalent student enrollment, and projected positive operations after a long history of posting operating surpluses on a full-accrual basis," said Standard & Poor's credit analyst Sussan Corson. The outlook revision also reflects our view of the university's successful June 2014 completion of its comprehensive campaign, which raised $182.7 million, exceeding its $175.0 million goal. The University of Portland, which is affiliated with the Roman...

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