Fitch To Review 3 Private Florida Universities After Hurricane Frances.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. will review, over the next 10 days, the financial effect, if any, on three private universities that were temporarily closed due to Hurricane/Tropical Depression Frances. The substantial wind and rainfall occurred at the time that the fall 2004 semester was to begin. Stetson University Stetson University is a private, co-educational, liberal arts university that consistently earns high rankings in national college guides. In the 2007 U.S. News and World Report guide, Stetson ranks 2nd (tied with Elon) in the category of Southern Masters-granting institutions.. , rated 'A', is located in DeLand. As reported on their web site, the campus is without power but is expecting power to be restored in several days. Eckerd College Eckerd College is a private 4-year coeducational liberal arts college at the southernmost tip of St. Petersburg, Florida, in the Tampa Bay metropolitan area. The college is accredited by the Southern Association of Colleges and Schools. , rated 'BB', is located in St. Petersburg. The college was closed until late today. Embry-Riddle Aeronautical University Embry-Riddle Aeronautical University (ERAU) is a not-for-profit, non-sectarian, coeducational private university with a history dating back to the early days of aviation. , rated 'BBB+', is located in Daytona Beach. The campus is expected to remain closed through Sept. 8. The delay in openings is not expected to have a negative effect on enrollment at any of the three universities. Within the next 10 days, Fitch expects to know if any of the physical facilities were severely damaged and how this may impact the university's capital reserves. |
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