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Fitch Affirms Saint Joseph's University, PA Revs at 'A'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'A' rating on $140.8 million of Pennsylvania Higher Educational Facilities Authority revenues bonds, series 2010A and 2013B, issued on behalf of Saint Joseph's University (SJU). The Rating Outlook is Stable. SECURITY SJU's obligations under a loan agreement with the issuer are secured by a lien on unrestricted university revenues, including tuition and related fees. There is no debt service reserve fund. KEY RATING DRIVERS IMPROVING FINA

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