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Information
provided for review without commentary.
Brooklyn
Campus Budget Trends
Moody’s
Rating Summary August
19, 2009- Reaffirmed Baa3 rating on University rated Debt Strengths: §Large
geographically and social-economically diverse student base §Ability
to raise tuition without affecting student base §Stable
fund raising averaging $9.5 million in each of last 3 years §Managebale
and constant debt service obligation Weaknesses: §Economic
pressure on student pool §Potential
decline in college age population §Debts
in excess of endowment §Potential
breach of liquidity covenant with Allied National Bank of |