Feb 27 Standard & Poor's Ratings Services on
Wednesday said it cut Harrisburg Area Community College's
long-term revenue bond rating to A-minus from A.
The outlook on the bonds, issued through the Pennsylvania
State School Building Authority, is stable.
The rating cut reflects the college's weakened fiscal 2012
financial profile due in part to drops in enrollment, the rating
agency said in a statement.
"The stable outlook reflects S&P's expectation that over the
two-year outlook period, enrollment will stabilize, and the
college will balance its financial operations at least on a cash
basis and maintain financial resource ratios," S&P said.