NJCU’s 2010 Bond Offerings Given Positive Ratings

Both Moody’s and Fitch Ratings have assigned ratings for NJCU’s August bond offerings: Moody’s an A2 and Fitch an A. Fitch has stated that ” The ‘A’ rating reflects NJCU’s generally breakeven to positive operating margin, and uptrending enrollment” while Moody’s comments that “The stable outlook reflects Moody’s belief that the University’s market position will remain strong and operating performance will remain balanced, although the state funding environment and thin coverage of debt by resources remain challenges.”

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