Moody’s and S&P on PSU: “Stable Outlook”

[BobPSU92]

STABLE. OUTLOOK.

See the link below. From the article:

“UNIVERSITY PARK, Pa. — Recent reports issued by Moody’s Investors Service and S&P Global Ratings provided stable outlooks for Penn State.

In an analysis released on May 17 by Moody’s, Penn State maintained its Aa1 rating with a stable outlook. The credit firm recognized the University for “its excellent market and strategic position as one of the nation’s largest comprehensive public universities that benefits from broad student demand and a nationally-recognized research profile.”

In its May 16 report, S&P gave the University a AA long-term rating with a stable outlook. The S&P report stated “Penn State’s enterprise profile is very strong characterized by the university’s significant enrollment and sufficient demand indicators, breadth and depth of its programmatic offerings, large research base and fundraising capabilities. The extremely strong financial profile reflects Penn State’s healthy financial management policies, recurring positive operating performance partially due to the healthy finances of its medical school and its affiliated Penn State Health system, and good available resources.”

“We’re pleased to see these agencies recognizing Penn State’s efforts to manage its financial resources in a deliberate and responsible manner as we continue to grow and focus on our core missions of teaching, research and outreach,” said Joe Doncsecz, Penn State associate vice president for finance and corporate controller.”

https://news.psu.edu/story/575705/2019/05/23/administration/rating-agencies-give-penn-state-stable-outlooks

See? barren’s got this.

 

[mn78psu83]

STABLE. OUTLOOK.

See the link below. From the article:

“UNIVERSITY PARK, Pa. — Recent reports issued by Moody’s Investors Service and S&P Global Ratings provided stable outlooks for Penn State.

In an analysis released on May 17 by Moody’s, Penn State maintained its Aa1 rating with a stable outlook. The credit firm recognized the University for “its excellent market and strategic position as one of the nation’s largest comprehensive public universities that benefits from broad student demand and a nationally-recognized research profile.”

In its May 16 report, S&P gave the University a AA long-term rating with a stable outlook. The S&P report stated “Penn State’s enterprise profile is very strong characterized by the university’s significant enrollment and sufficient demand indicators, breadth and depth of its programmatic offerings, large research base and fundraising capabilities. The extremely strong financial profile reflects Penn State’s healthy financial management policies, recurring positive operating performance partially due to the healthy finances of its medical school and its affiliated Penn State Health system, and good available resources.”

“We’re pleased to see these agencies recognizing Penn State’s efforts to manage its financial resources in a deliberate and responsible manner as we continue to grow and focus on our core missions of teaching, research and outreach,” said Joe Doncsecz, Penn State associate vice president for finance and corporate controller.”

https://news.psu.edu/story/575705/2019/05/23/administration/rating-agencies-give-penn-state-stable-outlooks

See? barren’s got this.

The extremely strong financial profile reflects Penn State’s healthy financial management policies ...

Incoming - DUCK!

 

[BobPSU92]

The extremely strong financial profile reflects Penn State’s healthy financial management policies ...

Incoming - DUCK!

 

[NittPicker]

In 2012 we were threatened with bond carnage and loss of accreditation. Is that happening at MSU and OSU as well?? Rhetorical question.......

 

[artsandletters]

STABLE. OUTLOOK.

See the link below. From the article:

“UNIVERSITY PARK, Pa. — Recent reports issued by Moody’s Investors Service and S&P Global Ratings provided stable outlooks for Penn State.

In an analysis released on May 17 by Moody’s, Penn State maintained its Aa1 rating with a stable outlook. The credit firm recognized the University for “its excellent market and strategic position as one of the nation’s largest comprehensive public universities that benefits from broad student demand and a nationally-recognized research profile.”

In its May 16 report, S&P gave the University a AA long-term rating with a stable outlook. The S&P report stated “Penn State’s enterprise profile is very strong characterized by the university’s significant enrollment and sufficient demand indicators, breadth and depth of its programmatic offerings, large research base and fundraising capabilities. The extremely strong financial profile reflects Penn State’s healthy financial management policies, recurring positive operating performance partially due to the healthy finances of its medical school and its affiliated Penn State Health system, and good available resources.”

“We’re pleased to see these agencies recognizing Penn State’s efforts to manage its financial resources in a deliberate and responsible manner as we continue to grow and focus on our core missions of teaching, research and outreach,” said Joe Doncsecz, Penn State associate vice president for finance and corporate controller.”

https://news.psu.edu/story/575705/2019/05/23/administration/rating-agencies-give-penn-state-stable-outlooks

See? barren’s got this.

Why would anyone trust Moody’s and S & P?

 

[mn78psu83]

In 2012 we were threatened with bond carnage and loss of accreditation. Is that happening at MSU and OSU as well?? Rhetorical question.......

MSU was downgraded one notch by both Moody's and S&P back in 2018. That's about it.

 

[PA_JOE]

Careful, Barry Fenchak’s head about to explode.

STABLE. OUTLOOK.

See the link below. From the article:

“UNIVERSITY PARK, Pa. — Recent reports issued by Moody’s Investors Service and S&P Global Ratings provided stable outlooks for Penn State.

In an analysis released on May 17 by Moody’s, Penn State maintained its Aa1 rating with a stable outlook. The credit firm recognized the University for “its excellent market and strategic position as one of the nation’s largest comprehensive public universities that benefits from broad student demand and a nationally-recognized research profile.”

In its May 16 report, S&P gave the University a AA long-term rating with a stable outlook. The S&P report stated “Penn State’s enterprise profile is very strong characterized by the university’s significant enrollment and sufficient demand indicators, breadth and depth of its programmatic offerings, large research base and fundraising capabilities. The extremely strong financial profile reflects Penn State’s healthy financial management policies, recurring positive operating performance partially due to the healthy finances of its medical school and its affiliated Penn State Health system, and good available resources.”

“We’re pleased to see these agencies recognizing Penn State’s efforts to manage its financial resources in a deliberate and responsible manner as we continue to grow and focus on our core missions of teaching, research and outreach,” said Joe Doncsecz, Penn State associate vice president for finance and corporate controller.”

https://news.psu.edu/story/575705/2019/05/23/administration/rating-agencies-give-penn-state-stable-outlooks

See? barren’s got this.

 

[Victor E. Bell]

MSU was downgraded one notch by both Moody's and S&P back in 2018. That's about it.

Did they have any athletic "corporate partners" bail out? Legit question, I don't know. We had one or two, Cars.com or something was one IIRC. I don't know how widespread this was but I remember posts from people here who were in chain-type stores that sold gear and they pulled PSU off the shelves. Might just have been anecdotal evidence.

 

[drblue1977]

In 2012........60M fine was going to bankrupt the corporation, Middle States was going to pull accreditation and the Big 10 was going kick Penn State out of the conference for what now appears to be the mishandling (at worst along with failure to.............document) of a very gray report of one incident of ________________. Under those criteria, where would OSU and MSU be if..............all things were equal, which they are not! Emmert, Ray (OSU)....your thoughts with the benefit of hindsight.

 

[LionDeNittany]

STABLE. OUTLOOK.

See the link below. From the article:

“UNIVERSITY PARK, Pa. — Recent reports issued by Moody’s Investors Service and S&P Global Ratings provided stable outlooks for Penn State.

In an analysis released on May 17 by Moody’s, Penn State maintained its Aa1 rating with a stable outlook. The credit firm recognized the University for “its excellent market and strategic position as one of the nation’s largest comprehensive public universities that benefits from broad student demand and a nationally-recognized research profile.”

In its May 16 report, S&P gave the University a AA long-term rating with a stable outlook. The S&P report stated “Penn State’s enterprise profile is very strong characterized by the university’s significant enrollment and sufficient demand indicators, breadth and depth of its programmatic offerings, large research base and fundraising capabilities. The extremely strong financial profile reflects Penn State’s healthy financial management policies, recurring positive operating performance partially due to the healthy finances of its medical school and its affiliated Penn State Health system, and good available resources.”

“We’re pleased to see these agencies recognizing Penn State’s efforts to manage its financial resources in a deliberate and responsible manner as we continue to grow and focus on our core missions of teaching, research and outreach,” said Joe Doncsecz, Penn State associate vice president for finance and corporate controller.”

https://news.psu.edu/story/575705/2019/05/23/administration/rating-agencies-give-penn-state-stable-outlooks

See? barren’s got this.

That rating is based upon their ability to pay back debts, and for that it is appropriate. Penn State seems able to raise tuition with minimal impact on number of students.

LdN

 

[mn78psu83]

Did they have any athletic "corporate partners" bail out? Legit question, I don't know. We had one or two, Cars.com or something was one IIRC. I don't know how widespread this was but I remember posts from people here who were in chain-type stores that sold gear and they pulled PSU off the shelves. Might just have been anecdotal evidence.

I just did a news search on "michigan state corporate sponsorship." Only found these two items:

https://www.detroitnews.com/story/s.../2018/01/31/msu-sponsors-pull-logo/109959470/

https://statenews.com/article/2018/02/msu-sponsorships

If you go here - https://msuspartans.com/ - you can see the official sponsors of MSU athletics scrolling by at the bottom of the page. Lo and behold, Auto-Owners Insurance is still there. Seems that MSU Athletics didn't lose any sponsors.

On the other hand, USA Gymnastics lost a ton of crucial sponsorship:

https://www.chicagotribune.com/spor...nsors-flee-usa-gymnastics-20180125-story.html