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, a favorable operating cash flow generation and operating performance, and good coverage of debt by financial resources.
“This is great news,” President Jack R. Ohle said. “The affirmation of our A3 rating with a stable outlook is a clear sign of the College’s continued financial strength.”
According to 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 governmental entities and ranks the credit-worthiness of borrowers using a standardized ratings scale.
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Media Contact: Director of Media Relations and Internal Communication Luc Hatlestad
luch@gustavus.edu
507-933-7510