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