|
In November, Moodys Investors Service upgraded the
Colleges 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.
|