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CANADA: MOODY'S ISSUES ANNUAL REPORT ON SIMON FRASER UNIVERSITY.

IPR Strategic Business Information Database, November, 2007

In its annual report on Simon Fraser University (SFU), Moody's says that the Canadian university's Aa1 debt rating is supported by positive operating performance, solid balance sheet metrics and a strong market position. The rating also takes into consideration the university's modest, and easing, debt burden.

"The continued steady operating performance in 2006-07 reflects modest revenue growth and on-going expenditure management", says Moody's Assistant Vice President Sean Marion, lead analyst for SFU and author of the report. In 2006-07, SFU generated net income of C$23.6 million, equivalent to 4.7% of revenue. "As a reflection of the growth in endowment assets, coupled with the impact of positive operating results, the university's liquidity position...

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