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  News from the Hill    
         
   

Moody’s upgrades Holy Cross rating

In November, Moody’s Investors Service upgraded the College’s underlying rating from A1 to Aa3. The rating applies to approximately $130 million of outstanding series 1992, 1996, 1998 and 2002 bonds. All of these series are also rated Aaa based on bond insurance. The Aa3 underlying rating is based on:

  • Favorable market position as a selective Jesuit liberal arts institution
  • Strong financial management with consistently excellent operating performance
  • Ample financial resources which have good prospects for long-term growth.

 

 

 

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