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

May 2006
Bond Buyer;5/8/2006, Vol. 356 Issue 32376, p2
Trade Publication
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.


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