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91成人导航 receives stable outlook from fiscal rating agency
Moody's Investors Service this week , confirming the university's financial outlook is stable.
Moody鈥檚 is a preeminent financial services firm that grades investments and issuers on creditworthiness.
鈥淲e鈥檙e pleased that Moody鈥檚 has continued to recognize 91成人导航鈥檚 long-term financial strategies and the efforts our leadership and many across the university have made to responsibly manage the university鈥檚 financial resources,鈥 said Ken Mullen, vice president for business and finance.听
Moody's cited 91成人导航's size of operations, diverse programs at three campus locations - Sacramento, San Francisco and Stockton - and program investments as key factors in the stable rating. 91成人导航 has demonstrated an upward trend in enrollment with increases from fall 2016 through fall 2019. Moody's also noted the 91成人导航's strategic reductions in expenses, which led to a strengthening of the university's operating performance in the 2019 fiscal year.
Another factor in the rating was 91成人导航's robust "Leading with Purpose" fund raising campaign, which officially launched in 2017. The campaign has provided healthy donor support and has grown the university's endowment more in line with peers.
91成人导航 has held an A2 With a Stable Outlook rating since 2002, which signifies the university is a low credit risk for long-term debt and has a strong ability to repay short-term debt.