TITLE

Regent University, Va., Cut to A-Minus by S&P

PUB. DATE
May 2006
SOURCE
Bond Buyer;5/8/2006, Vol. 356 Issue 32376, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that the Virginia Beach Development Authority's Series 2001 bonds issued on behalf of Regent University received downgraded ratings from Standard & Poor's Corp. from A to A-minus. The downgrade is attributed to Regent's net operating deficits, limited fundraising history, unsustainable endowment spending, and continued weakness in the balance sheet.
ACCESSION #
20809296

 

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