Standard & Poor's Ratings Services said it revised the outlook to stable from negative on its A-minus rating on Lynchburg Industrial Development Authority, Va.'s series 2003 revenue bonds, issued for Randolph College.

The outlook revision reflects Standard & Poor's assessment of Randolph's increased financial resources; enrollment growth during the past two years; and net tuition growth in fiscal 2011, coupled with the rating service's expectation that enrollment and net tuition revenue growth will likely continue in fiscal 2012 and beyond.

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