S&P gives an A+ to refunding bonds. That and other outlooks noted are all stable.
A good report, it notes modest surpluses, revenue diversity. They expect Lafayette’s enrollment growth to continue.
On the con side, high MADS, irregular debt-service schedule and several bullet payments.
Solid selectivity and retention rates but weakening matriculation rates. 26 percent rate for the fall of 2017.
Total debt of $257 million. The new bonds will repay 2008 debt.