George School, PA Credit Rating

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Date	Document Type	Title	Source
16 Jan 2020	Sector In-Depth	Student Loans – US: Slow repayments to remain key driver of growing balances as new borrowing slows	Moody's Investors Service
13 Dec 2019	Outlook	Public Finance - US: 2020 Outlooks mostly stable amid continued economic expansion, strengthening revenues and solid reserves (Slides)	Moody's Investors Service
10 Dec 2019	Outlook	Higher education – US: 2020 outlook moves to stable with steady revenue growth and solid reserves	Moody's Investors Service
22 Nov 2019	Sector Comment	Higher education – Massachusetts: Financial stability legislation is credit positive if it smooths college closure process	Moody's Investors Service
11 Nov 2019	Sector In-Depth	Higher education - US: Tuition revenue growth weakens for public and private universities	Moody's Investors Service
18 Sep 2019	Sector Comment	Higher education – US: Century bonds provide credit-positive financing tool for select US universities	Moody's Investors Service
12 Aug 2019	Sector In-Depth	Higher education – US: State funding a stabilizing element while competition curbs revenue growth	Moody's Investors Service
24 Jul 2019	Sector Comment	Higher education – US: Financial exigency can serve as a credit-positive tool, highlighted by University of Alaska's recent declaration	Moody's Investors Service
27 Jun 2019	Sector Profile	Higher education - US: Medians – Private universities' low revenue growth tightens operating performance	Moody's Investors Service
08 May 2019	Median Reports	Privatized student housing - US: Medians - Number of stressed P3 projects increases, though sector is solid overall	Moody's Investors Service
06 Mar 2019	Sector Comment	Higher education - US: Weak enrollment projections highlight rising credit risk for some US colleges	Moody's Investors Service
01 Mar 2019	Sector In-Depth	Public finance - US: Self-liquidity report: Fourth quarter 2018	Moody's Investors Service
20 Feb 2019	Sector In-Depth	Higher education - US : Universities with highest revenue reliance on investment income can adapt to market volatility	Moody's Investors Service
14 Feb 2019	Sector In-Depth	Higher education - US: Improved liquidity provides buffer for many private universities	Moody's Investors Service
12 Dec 2018	Outlook	Public finance - US: 2019 Outlooks	Moody's Investors Service
05 Dec 2018	Sector In-Depth	Public finance - US: Self-liquidity report: Third quarter 2018	Moody's Investors Service
04 Dec 2018	Outlook	Higher education - US: 2019 outlook remains negative with continued low net tuition revenue growth	Moody's Investors Service
14 Nov 2018	Sector In-Depth	Higher education - US: Competition and affordability focus stifle pricing power and tuition revenue growth	Moody's Investors Service
07 Nov 2018	Sector Comment	State government - US: Approved ballot measures restrict states' fiscal flexibility, a credit negative	Moody's Investors Service
07 Nov 2018	Sector Comment	State government - US: Voters show mixed support for higher state taxes to fund transportation and schools	Moody's Investors Service
19 Oct 2018	Sector Comment	State and local governments and higher education - North Carolina: Hurricane Florence relief package taps state rainy day fund and benefits local governments and universities	Moody's Investors Service
14 Sep 2018	Sector In-Depth	US Public Finance: Self-liquidity report: Second quarter 2018	Moody's Investors Service
13 Aug 2018	Sector In-Depth	Higher education - US: Credit quality steady for most universities despite challenging business conditions	Moody's Investors Service
23 Jul 2018	Sector Comment	Higher education - US: Sustained stress will drive more private colleges to alter business models or close	Moody's Investors Service
12 Jul 2018	Sector Comment	Higher education - US: Gradually rising retention rates credit positive for public universities	Moody's Investors Service
21 Jun 2018	Sector In-Depth	Higher education - US: Medians - Private university expense growth outpaces revenue growth for second year	Moody's Investors Service
07 Jun 2018	Sector In-Depth	Public finance - US: Self-liquidity report: First quarter 2018	Moody's Investors Service
31 May 2018	Sector In-Depth	Higher education and infrastructure - US: FAQ on public-private partnerships in higher education	Moody's Investors Service
29 May 2018	Sector Comment	Higher education: Declining enrollment credit negative due to continued pressure on net tuition revenue	Moody's Investors Service
29 Mar 2018	Sector Comment	Higher education - US: Federal capital programs provide credit positive financing for some universities	Moody's Investors Service
29 Mar 2018	Sector Comment	Higher education - US : Increased federal financial aid and research funding is credit positive for universities	Moody's Investors Service
08 Mar 2018	Sector In-Depth	Public finance - US: Self-liquidity report: Fourth quarter 2017	Moody's Investors Service
20 Feb 2018	Sector Comment	Higher education - US : Philanthropic contributions hit record in 2017, but growth may slow in 2018	Moody's Investors Service
12 Dec 2017	Sector Comment	Cross-sector - US: Elimination of private activity bonds would have differing negative credit effects	Moody's Investors Service
05 Dec 2017	Outlook	Higher education - US: 2018 outlook changed to negative as revenue growth moderates	Moody's Investors Service
28 Nov 2017	Sector In-Depth	Public finance - US: Self-liquidity report: Third quarter 2017	Moody's Investors Service
09 Nov 2017	Sector In-Depth	Higher education - US: Net tuition revenue growth subdued with greater pressure on publics, survey shows	Moody's Investors Service
07 Nov 2017	Sector In-Depth	Higher education - US : Limited prospects for federal funding growth constrain key revenue streams	Moody's Investors Service
02 Oct 2017	Sector In-Depth	Public finance - Texas: Hurricane Harvey unlikely to impair credit quality of most affected issuers	Moody's Investors Service
02 Oct 2017	Sector In-Depth	Cross-Sector – Puerto Rico and US Virgin Islands : Damage from Hurricanes Irma and Maria poses a challenge to credit quality	Moody's Investors Service
25 Sep 2017	Sector Comment	Higher education - US : More tuition resets likely in reaction to stiff competition	Moody's Investors Service
14 Sep 2017	Sector Comment	Healthcare, higher education, housing, state revolving funds - Florida: Hurricane Irma's immediate credit effects limited, liquidity to drive long-term impact	Moody's Investors Service
11 Sep 2017	Sector In-Depth	Cross Sector - US: FAQ on the credit impact of new developments in student loans	Moody's Investors Service
29 Aug 2017	Sector In-Depth	Higher Education - US: Strategic differentiation fosters stronger revenue growth at private universities	Moody's Investors Service
17 Aug 2017	Sector In-Depth	Public Finance - US: Moody’s Public Finance Self-Liquidity Quarterly Report: Second Quarter 2017	Moody's Investors Service
27 Jul 2017	Sector Comment	Oregon's Growing Education Budget Is Credit Positive for School Districts	Moody's Investors Service
28 Jun 2017	Sector In-Depth	Higher education and local government - Illinois: Illinois community colleges benefit from credit strengths not shared by four-year universities	Moody's Investors Service
26 Jun 2017	Sector Comment	Florida Budget Mandates School Districts Share Capital Revenues with Charter Schools, a Credit Negative	Moody's Investors Service
19 May 2017	Sector In-Depth	Public Finance - US: Moody’s Public Finance Self-Liquidity Quarterly Report: First Quarter 2017	Moody's Investors Service
19 May 2017	Sector In-Depth	Higher Education - US: Endowment Management Shifts as Long-Term Returns Decline	Moody's Investors Service

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