Moody’s Investors Service recently affirmed the A3 long-term rating on Gustavus Adolphus College’s Revenue Bonds issued through the Minnesota Higher Education Facilities Authority.
The report detailed several financial strengths of the College which led to the favorable rating. Those included a stable market position due to steady enrollment and increasing admission applications, broader geographic recruitment, favorable cash flow generation and operating performance, and growth in financial resources.
“This report is yet another indicator that the College is on firm footings and headed in the right direction,” President Jim Peterson said. “Increased alumni giving, our growing endowment, and our positive enrollment trends are all reasons for that.”
According to the Moody’s website, an A rating means an institution’s financial obligations are considered upper-medium grade and subject to low credit risk.
Founded in 1909, Moody’s performs financial research and analysis on commercial and government entities and ranks the credit-worthiness of borrowers using a standardized ratings scale.
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