Moody’s upgrades Penn State rating, citing stable outlook

[BobPSU92]

See the link below. From the article:

"The credit rating firm’s rating assignment “recognizes Penn State’s exceptional liquidity enabling it to ably bridge the lack of Commonwealth of Pennsylvania appropriations due to the failure to enact its FY 2016 budget and strong operations from diverse and healthy revenue sources.”

David Gray, Penn State’s senior vice president for Finance and Business, said, “In spite of numerous challenges and a turbulent environment, Moody’s action to upgrade the University’s credit rating recognizes Penn State’s considerable strength in student demand, philanthropy, research activity and financial management.”"

http://news.psu.edu/story/395256/20...rades-penn-state-rating-citing-stable-outlook

All is well!

 

[BobPSU92]

Also from the above link:

"According to Moody’s, “the rating favorably incorporates university’s excellent strategic position as one of the nation’s largest and leading public universities, sustained philanthropic support, modest financial leverage and strong governance and management practices.”"