TITLE

Art Institute of Chicago, Building New Wing, Gets Upgrade

AUTHOR(S)
Shields, Yvette
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/9/2006, Vol. 355 Issue 32335, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Art Institute of Chicago's credit rating was upgraded by Standard & Poor's Corp. to A-plus from A in recognition of the prestigious museum's improved fiscal status and its solid progress in raising funds for a $215 million wing and other projects. According to analyst Susan Carlson, the institute achieved its goal of reaching budgetary balance on a full accrual basis in fiscal 2005 and strengthened its liquidity ratios over the past two years through stronger operating performance and improved investment returns.
ACCESSION #
20281928

 

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