Marshall University officials today announced Moody’s Investors Service has affirmed the “A1” rating on $84 million of Marshall University’s series 2010 and 2011 revenue bonds. The outlook is stable.
In the affirmation document, Moody’s said the rating reflects the university’s “important role as the second largest provider of public higher education in the state of West Virginia…with steady student demand, growing financial reserves, manageable debt levels, and sound financial management to mitigate recent years of state funding reductions.”
A solid bond rating makes debt issued by Marshall more attractive to investors.
A subsidiary of Moody’s Corporation, Moody’s Investors Service is a leading provider of credit ratings, research and risk analysis.