(Source: Fitch Inc) 13 Nov 2015 6:20 PM GMT/UTC Fitch Ratings-New York-13 November 2015: Fitch Ratings affirms the 'A' rating on the following series of bonds issued by the Washington Higher Education Facilities Authority (WHEFA) on behalf of Gonzaga University (Gonzaga, or the university): --$33 million revenue bonds series 2013A; --$20 million taxable revenue bonds series 2013B. The Rating Outlook is Stable. SECURITY The series 2013 bonds are a general obligation secured by unrestricted gross revenues of the university. Additional bondholder protections include a negative pledge on the university's core campus. KEY RATING DRIVERS CONSISTENT OPERATING PERFORMANCE: Gonzaga continues to...
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