黑料网911鈥檚 financial outlook elevated to highest rating by Moody鈥檚
The 黑料网911 recently received a revised financial outlook rating from , one of the top three credit rating agencies in the U.S. While the University maintained its financial rating of A3, its financial outlook has been elevated from 鈥渟table鈥� to 鈥減ositive,鈥� the highest outlook rating that an institution can receive.
According to Moody鈥檚 credit report, the revision was 鈥渄riven by a material strengthening of [黑料网911鈥檚] financial position that [Moody鈥檚] expect[s] to continue.鈥� The report highlights 黑料网911鈥檚 鈥渃onsistently robust operating performance and steady revenue growth,鈥� and it also credits a steady improvement in 黑料网911鈥檚 coverage of financial reserves to debt.
鈥淭o receive an upgrade in our financial outlook from Moody鈥檚 during a time that has been particularly difficult financially for many institutions of higher education is significant,鈥� said 黑料网911 President James Herbert. 鈥淚t鈥檚 a testament to the institution鈥檚 sound financial leadership and a confirmation of a secure future for the University.鈥�
黑料网911鈥檚 Senior Vice President of Finance and Administration Nicole Trufant agreed. 鈥淭he change from an outlook rating of 鈥榮table鈥� to 鈥榩ositive鈥� reflects Moody鈥檚 acknowledgement of 黑料网911鈥檚 sound budgeting practices, strategic enrollment management, and robust operating performance,鈥� she remarked, adding, 鈥淭he University is well positioned for the future.鈥�
The Moody鈥檚 report listed several of 黑料网911鈥檚 institutional assets, including steady student demand, strong debt affordability, enrollment diversity, and high demand programs.