Fitch Withdraws Sarah Lawrence College, NY's Revenue Bond Rating

CHICAGO--(BUSINESS WIRE)-- Fitch Ratings has withdrawn the 'BBB-' rating on $45.45 million of series 2001B and series A civic facility revenue bonds issued by the City of Yonkers Industrial Development Agency, NY on behalf of Sarah Lawrence College.

The Rating Outlook is Negative.

Fitch is withdrawing the rating as Sarah Lawrence College has chosen to stop participating in the rating process. Therefore, Fitch will no longer have sufficient information to maintain the rating. Accordingly, Fitch will no longer provide a rating (or analytical coverage) for Sarah Lawrence College.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Revenue Supported Rating Criteria' (June 2014);

--'U.S. College and University Rating Criteria' (May 2014);

-'Fitch Affirms Sarah Lawrence College (NY) Rev Bonds at 'BBB-'; Outlook Remains Negative' (April 2014).

Applicable Criteria and Related Research:

Revenue-Supported Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=750012

U.S. College and University Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=748013

Additional Disclosure

Solicitation Status

http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=983111

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Fitch Ratings
Media Relations
Elizabeth Fogerty, New York
Tel: +1 212-908-0526
Email: [email protected]
or
Primary Analyst
Susan Carlson
Director
Fitch Ratings, Inc.
+1-312-368-2092
70 West Madison Street
Chicago, IL 60602
or
Secondary Analyst
Joanne Ferrigan
Senior Director
+1-212-908-0723
or
Committee Chairperson
Dennis Pidherny
Managing Director
+1-212-908-0738

Source: Fitch Ratings

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